Mark Lurie

Blog Info CryptoSlate
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Dec 17 2021

Op-Ed: The real reason El Salvador adopted Bitcoin

Dec 17 2021 Published at CryptoSlate under tags  adoption guest post

Bukele argues that his country’s embrace of Bitcoin aims to spur development and reduce the fees paid by Salvadorans abroad sending remittances back home, which make up nearly a quarter (22%) of El Salvador’s GDP. Bukele says adopting Bitcoin could save his people $400 million every year and top accounting firm PriceWaterhouseCoopers seems to concur,...

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