Two weeks ago, El Salvador became the first country in the world to adopt cryptocurrency as a legal tender. This means Salvadoran businesses can be conducted using Bitcoin as a form of payment.
President Nayib Bukele spearheaded this modernization in the hope of improving economic accessibility. However, the adoption was not without challenges. The first days’ technical issues affected Chivo, the official crypto wallet.
However, this was a bold experiment that widespread adoption of cryptocurrency may be a step closer. Countries like Panama and Paraguay are also working on legislation on the use of Bitcoin while watching how events unfold in El Salvador.
Among the global crypto community celebrating this milestone is Netcoins. Netcoins and its users believe that cryptocurrency can shape the world economy in a promising manner.
El Salvador’s success or failure would determine whether crypto brings forth more challenges or opportunities.
Since 2014, Netcoins has been providing virtual Bitcoin ATM solutions across three continents. It also runs a private brokerage service for institutional crypto investors.
The platform is accessible to users 24/7 through the web or at the Netcoins app. Netcoins is dedicated to building trust and eliminating guesswork by delivering results, claim Founder Mitchell Demeter.
“We’re excited to be part of your crypto journey. From education to innovation, to our zealous customer service, we are here to be your trusted resource for all things crypto. We can’t wait to bring you on board.”