Page 2 - பிராட் பெக்டெல் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Jun 14, 2021 El Salvador’s bold move to accept Bitcoin as legal tender has Wall Street once again wondering whether a cryptocurrency could really ever replace the old-school dollar. It’s a question that had appeared, at least to some, to already be nearly answered, after a handful of trailblazing companies including Tesla Inc., MicroStrategy Inc. and Square Inc. incorporated bitcoins into their balance sheets without igniting a broader corporate revolution. Now, the focus is turning to governments. El Salvador, which started using the U.S dollar as its currency more than 20 years ago, last week became the first country in the world to pass legislation allowing use of bitcoins in any transaction. President Nayib Bukele says the point is to counter the fact that relatively few citizens have bank accounts and to cut the cost of sending remittances, such as money workers ship back to their families in El Salvador from other countries.

United kingdomSouth sudanUnited statesEl salvadorCity ofBrad bechtelEmily weisLeah waldRahul shahMarc chandlerJulian sawyerAlex tapscottNayib bukeleElon muskSquare incMicrostrategy inc