In world first, bitcoin becomes legal tender in El Salvador

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by Carlos Mario Marquez and Moises Avila SAN SALVADOR, El Salvador (AFP) — El Salvador on Tuesday became the first country to embrace bitcoin as legal tender, with consumer demand crashing its brand-new cyber “wallet” system even as the currency’s value seesawed against the US dollar. Under the initiative of President Nayib Bukele, Salvadoran consumers can now legally use bitcoin — along with the US dollar which has been the official currency for two decades […]