How Bitcoin as Legal Tender in Latin America Affects The Rest of the Worldby@obukhova
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How Bitcoin as Legal Tender in Latin America Affects The Rest of the World

by Elena Obukhova4mJune 24th, 2021
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El Salvador is to become the first country to use Bitcoin as a legal tender. Bitcoin is the way to increase financial inclusion especially when almost everyone has access to at least one phone even if it's just one per household. Cryptocurrencies allow people to store money digitally and thanks to the growing Decentralized Finance (DeFi) industry also earn an interest rate on top. The Cash Economy is not the same as a black market, it's rather a consequence of the inefficient financial system. It's easier for businesses to do cross-border payments regardless of the country's limitations and restrictions.

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Elena Obukhova

Elena Obukhova

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Mentor, Entrepreneur, Business Strategist, and Keynote Speaker in Blockchain & Fintech

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Elena Obukhova@obukhova
Mentor, Entrepreneur, Business Strategist, and Keynote Speaker in Blockchain & Fintech

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