El Salvador Adopted Bitcoin as an Official...

Despite curiosity from governments around the world, El Salvador has so far been tight-lipped about its experience, much to the chagrin of the International Monetary Fund. #cryptocurrencies #bitcoin #fintech

El Salvador Adopted Bitcoin as an Official...

In an effort to boost financial inclusion, El Salvador made Bitcoin an official currency and offered incentives for adopting it. A new study co-authored by Yale SOM’s David Argente and Diana Van Patten found that a lack of trust caused use of the cryptocurrency to fall off quickly.
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