#A short timeline of El Salvador’s Bitcoin adoption shit show
“#A short timeline of El Salvador’s Bitcoin adoption shit show”
On Tuesday, El Salvador became the first country in the world to officially adopt Bitcoin as a legal tender. But the much-touted rollout didn’t go as expected, and faced plenty of obstacles and snags. . Here’s a quick recap of what happened: President Nayib Bukele started building up the hype on Twitter, as the country announced Bitcoin as a legal tender on September 7. The country bought 200 Bitcoin, making it’s holding a total of 400 Bitcoin. To promote the app, and adoption of the cryptocurrency, Bukele promised each user $30 worth of Bitcoin. While the hype was building up, the…
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