El Salvador's president unveils a bill to adopt bitcoin as legal tender, partnering with payments startup Strike, in a bid to become the first nation to do so

- El Salvador President Nayib Bukele plans to introduce legislation that will make it the world's first sovereign nation to adopt bitcoin as legal tender.

CNBC 2021-06-06 MacKenzie Sigalos

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@politicaldmv Will on x
Literally gentrifying, destroying, and displacing communities by getting rich off ES resources. ES is facing serious social economic problems that has to be dealt first. Bukele is selling a false illusion of prosperity. The last thing ES need is a tourist dependent economy. https…
@adamscochran Adam Cochran on x
El Salvador is a 70% cash country because it lacks the infrastructure and access to financial systems for people to use debit or credit. But, it's going to find a way for people to use Bitcoin everywhere? This is cool news for legitimacy, but not in terms of volume. https://twitt…
@gladstein Alex Gladstein on x
Important to note: do not celebrate the leader of El Salvador, who has displayed authoritarian behavior. Celebrate the action, which will, over time, reduce the control that his or any following government has over the citizenry. https://twitter.com/...
@franamati Franco Amati on x
I was hopeful with Bukele on its first days, not anymore. So let's be cautious with this, it could be another Musk style behavior. Credit to @JackMallers for its work nonetheless. https://twitter.com/...
@alistairmilne Alistair Milne on x
Say what you like, but this is a long way from the ‘Magic Internet Money’ days https://twitter.com/...
@pentosh1 @pentosh1 on x
What a great read and step for #Bitcoin Hopefully this opens the door to neighboring countries. Pretty historic event https://twitter.com/...

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El Salvador's president unveils a bill to adopt bitcoin as legal tender, partnering with payments startup Strike, in a bid to become the first nation to do so

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