ElSalvador

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Bitcoin: Where do We Stand In Summer 2021?

Bitcoin is a decentralized computer network. But this one has a special twist: Fearing inflation and currency devaluation, the first companies have exchanged parts of their account balances for Bitcoin. In El Salvador, Bitcoin has now become the second official state currency alongside the USD.
Bitcoin: Where do We Stand In Summer 2021?
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An Economic History Of El Salvador’s Adoption Of Bitcoin

A studied retrospective on how El Salvador's history, politics, and economy have shaped the adoption of the US dollar -- and then bitcoin.
An Economic History Of El Salvador’s Adoption Of Bitcoin
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El Salvador Can Pay World Bank In Bitcoin, According To Charter

The World Bank's founding document obliges the developmental body to accept payments in the local currencies of its members. In El Salvador's case, that means bitcoin and bitcoin-backed debt securities.
El Salvador Can Pay World Bank In Bitcoin, According To Charter
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How Bitcoin Can Fix Global Inequality, One Developing Nation At A Time

El Salvador's decision to recognize bitcoin as legal tender makes perfect sense for a dollarized economy that draws little benefit from US Federal Reserve policy. It is a model that can and probably will be replicated across the developing world.
How Bitcoin Can Fix Global Inequality, One Developing Nation At A Time
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Bitcoin And Latin American Economies: Danger Or Opportunity?

What drives El Salvador and other Latin American economies’ interest in the use of bitcoin as legal tender? Obviously, perceptions of cryptocurrency risk are not the same for strong economies as for those that have long been subject to fluctuations in monetary policy and hyperinflation.
Bitcoin And Latin American Economies: Danger Or Opportunity?
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El Salvador President Calls For A Volcanic Geothermal Bitcoin Mining Plan

Nayib Bukele, the President of El Salvador, instructed the country’s geothermal electrical company, LaGeo, to put together a plan for establishing Bitcoin mining facilities. This comes just after El Salvador became the first country to consider Bitcoin legal tender.
El Salvador President Calls For A Volcanic Geothermal Bitcoin Mining Plan
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Bitcoin Prices Bounce Back After Reaching 2-Week Low

Bitcoin prices have rallied in the last few days. Analysts pointed to several variables when explaining these latest gains. Which factors played the biggest role in causing these price increases?
Bitcoin Prices Bounce Back After Reaching 2-Week Low
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Bitcoin Is The Alternative To The US-China Great Power Conflict

Bitcoin was intended as an independent hedge that would not rely entirely on government fiat, like the commodities and coins of old, such as salt currencies, that remained region-specific before the wholesale implementation of fiat by force.
Bitcoin Is The Alternative To The US-China Great Power Conflict
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