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Tag: Bitcoin remittances

How El Salvador Uses Bitcoin for National Economy - And Why It’s Struggling
El Salvador Bitcoin Bitcoin legal tender Bitcoin economy cryptocurrency national policy Bitcoin remittances

How El Salvador Uses Bitcoin for National Economy - And Why It’s Struggling

El Salvador made Bitcoin legal tender in 2021 to boost remittances and financial inclusion. Three years later, adoption is minimal, costs remain high, and the government has scaled back its efforts after losing billions and facing IMF pressure.

November 13 2025