Crypto
Here’s Why Most People Don’t Risk Using Bitcoin as a Currency
The digital token’s 17% plunge — in a matter of minutes — on the day El Salvador adopted it as legal tender shows the risks of using it as legal tender.
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Salvadorans are learning why the rest of the world doesn’t use Bitcoin as a currency for everyday transactions.
El Salvador became the first country to adopt the digital token as legal tender on Tuesday, with the government’s Bitcoin wallet Chivo coming pre-loaded with $30 worth of the currency for users who register with a national ID number.