The world’s first country to make bitcoin the official currency

San Salvador: The Central American country of El Salvador has become the first country in the world to have a bitcoin as its official currency.

According to the details El Salvador became the first country in the world to use the bitcoin as its official currency on Tuesday, but the country will also be able to transact in US dollars.

El Salvador is the smallest country in Central America in terms of area. El Salvador’s Palestinian-born president, Najib Bokelli, said in early June that he would send a bill to parliament aimed at bitcoin. To give legal status.

On June 9, 62 of the 84 members of parliament voted in favor of the law, after which the bitcoin began to be used as the legal currency in the country from September 7.bitcoin

Foreigners who invest in bitcoin will also have the right to reside permanently in El Salvador. It should be noted that bitcoin has been used in El Salvador’s recreational area of ​​El Salvador since 2019, here is a project called Bitcoin Beach. Is also provided, and is allowed to use bitcoins for payments via mobile phones and computers.

El Salvador covers a total area of ​​21,000 square kilometers, has a population of 8.6 million, and 70% of the population has bank accounts.

The country’s 40-year-old president, Najib Bokeli, has been committed to legalizing the bitcoin from the beginning, saying legalizing the currency would provide thousands of jobs in the financial system.

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