SAN SALVADOR, June 24 – El Salvador’s President Nayib Bukele said in a national address on Thursday that a recently passed law making bitcoin legal tender will take effect on Sept.
El Salvador relies heavily on money sent back from workers abroad.
Less than 1% of the volume of global cross-border remittances are currently in cryptocurrency, according to Kenneth Suchoski, U.S payments and fintech analyst at Autonomous Research.
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