El Salvador‘s latest quest to make Bitcoin a legal tender in the region was greeted with enthusiasm by many, especially since it was the first country to do so.
Its weak fiat dominance coupled with high inflation rates degraded the region’s position when compared to other nations.
Post its Bitcoin venture, El Salvador is now sorting through the messier details of how having BTC as legal tender would work in real life.
What’s more, according to a recent study, most of the entrepreneurs based out of El Salvador, especially the small and medium sector ones, have expressed their concerns about Bitcoin’s involvement.
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