Bitcoin en El Salvador: ¿Transformación Innovadora o Riesgo innecesario?
La adopción del Bitcoin como moneda de curso legal en El Salvador en septiembre de 2021 marcó un hito significativo que transformó diversos aspectos culturales, económicos y sociales en el país. En un contexto donde las economías emergentes enfrentan desafíos habituales, la decisión de implementar una criptomoneda generó tanto entusiasmo como escepticismo. Para muchos, el uso del Bitcoin se vio como un intento de modernizar el sistema financiero y atraer la atención internacional. Esto no solo c
I've conducted an analysis after three years of implementing Bitcoin as a legal currency in El Salvador, and I'll talk a bit about the phenomenon of 'Bitcoin fever' that emerged at that time. I'll discuss the cultural and social impacts on a population often categorized as 'third-world' and largely ignorant about the crypto world. How did this population adapt to this new phenomenon? What's the current state of the population, investment opportunities, and what went wrong because of it? I'll also talk about the use of Chivo Wallet, the official digital wallet for Bitcoin and the Salvadoran government's dollar, and its current usage.
I've started writing an article about this, go check it out and follow me to stay up-to-date on my next publications.
Impact of Bitcoin Inclusion in El Salvador: A Year of Challenges and Opportunities
In September 2021, El Salvador made history by becoming the first country in the world to legalize Bitcoin as legal tender. This decision, driven by President Nayib Bukele, aimed to attract investments, promote financial inclusion, and reduce remittance costs in a country where a large part of the population relies on money transfers from abroad. However, nearly two years later, the impact of this measure is a subject of debate and analysis. Initial Benefits Initially, the adoption of Bitcoin ge