El Salvador’s move to become the first country to make Bitcoin a legal tender witnessed many developments. Although, it wasn’t a smooth sail to reach the shore. It was met with protests and bedeviled by fraud, market volatility, and technical glitches. Nevertheless, the Central American region along with the ruling executives continue to explore the Bitcoin narrative regardless of the friction.
Recently, El Salvador took another step forward in the same direction. It struck a deal with crypto firms Blockstream and BitFinex to mainstream its efforts in the Bitcoin market. Nayib Bukele, the President of El Salvador is set to issue a $1 billion US “bitcoin bond” to further support the BTC infrastructure in the country.
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