In September 2021, El Salvador became the first country in the world to make Bitcoin (BTC) its legal tender alongside the US dollar. The country now holds 2,500 bitcoins, or 0.5% of its GDP. A year later, what lesson can we draw from this historic law?
Has Bitcoin (BTC) been adopted by Salvadorans?
Are Salvadorans using Satoshi Nakamoto’s invention to pay for their taxes, groceries and housing? Or is its use still very timid? How do international institutions perceive this change and how is it taking hold in the country?
We talk about it with Ernesto Hernández Otero, resident and consultant in San Salvador.
After a stint at Ouest-France, I joined Cryptoast to develop the editorial part on YouTube and the files on the site. I decipher the technological upheavals brought about by these new uses, but above all the macro-economic and geopolitical issues induced by these advances.
Valentin Deme
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