El Salvador became the first country in the world to adopt bitcoin as legal tender, a real-world experiment proponents say will lower commission costs for billions of dollars sent home from abroad but which critics warned may fuel money laundering
and Huawei's [RIC:RIC:HWT.UL] app download platforms, however, prompting a series of tweets from Bukele, including one with a red-faced "angry" emoticon.Some citizens are optimistic."It's going to be beneficial ... we have family in the United States and they can send money at no cost, whereas banks charge," said Reina Isabel Aguilar, a store owner in El Zonte Beach, some 49 km southwest of capital San Salvador.
A Bitcoin logo is seen outside at Sevilla Barber Shop where Bitcoin is accepted as a payment method in Santa Tecla, El Salvador September 6, 2021. REUTERS/Jose Cabezas The cryptocurrency has been notoriously volatile, rising to more than $64,000 in April and falling almost as low as $30,000 in May this year.for El Salvador's quest for more than $1 billion in financing from the International Monetary Fund .
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