How s El Salvador s Bitcoin adoption going
Ever since El Salvador made Bitcoin its legal tender, international organizations have been closely monitoring the countrys progress. Many experts including Ethereums Vitalik Buterin has criticized the countrys decision. Even the IMF and the World Bank has issued multiple warnings to the government against the adoption of BTC as a legal tender. However, President Bukele has always defended his governments actions and praised the decision as a positive step towards the countrys economic development. Bukele has always been a major advocate for cryptocurrency, especially BTC. To his credit, El Salvador is already benefiting from its Bitcoin adoption. The leading crypto in the market has allowed the country to develop several hospitals and schools. The countrys remittance structure has completely changed as Bitcoin ATMs are now used primarily to send and receive money from foreign countries. Bukeles government has also launched the billiondolla
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