ALT Why El Salvador President Wants Bitcoin And Other Cryptos As Legal Tender In The Country El Salvador's 46th and one of the youngest Presidents in the world wants Bitcoin and other forms of cryptocurrency to be legal tender in the country, know why:

ALT Why El Salvador President Wants Bitcoin And Other Cryptos As Legal Tender In The Country #Bitcoin has a market cap of $680 billion dollars. If 1% of it is invested in El Salvador, that would increase our GDP by 25%. On the other side, #Bitcoin will have 10 million potential new users and the fastest growing way to transfer 6 billion dollars a year in remittances.

ALT Why El Salvador President Wants Bitcoin And Other Cryptos As Legal Tender In The Country Reducing the Remittance & Conversion fees A big chunk of those 6 billion dollars is lost to intermediaries. By using #Bitcoin, the amount received by more than a million low income families will increase in the equivalent of billions of dollars every year. This will improve lives and the future of millions.

ALT Why El Salvador President Wants Bitcoin And Other Cryptos As Legal Tender In The Country Financial inclusion for the UnBanked Furthermore, 70% of El Salvador’s population doesn’t have a bank account and work in the informal economy. Financial inclusion is not only a moral imperative, but also a way to grow the country’s economy, providing access to credit, savings, investment and secure transactions.