Tomorrow, history will be made as El Salvador becomes the first country in the world to adopt bitcoin as legal tender. In a move of empowerment, the small Central American government will take a leap of courage to strengthen its economy and democratize financial sovereignty to its people.
Access to the traditional banking system is limited in El Salvador as over 70% of the population doesn’t have a bank account. But starting tomorrow, millions of Salvadorans will be able to legally use bitcoin for storing and transacting value, cutting down some hurdles and increasing access to financial services.
