Paying for coffee with crypto: Will it become our daily routine?

Will the world follow El Salvador in adopting BTC?

clock • 4 min read
Konstantin Anissimov of CEX.IO
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Konstantin Anissimov of CEX.IO

El Salvador has been featured in the headlines of numerous media outlets after becoming the first nation to make bitcoin a legal tender.

While many considered this a bold move, it is also a reasonable step for the Central American country's government. The state lacks its own national currency - before adopting BTC, USD was the only official means of payment. The country's financial system is also not stand-alone so it constantly needs an influx of additional funds For these reasons, El Salvador's government decided to make bitcoin a legal tender in a law that is expected to come into effect on 7 September. The question now is: will El Salvador's case with bitcoin facilitate crypto adoption? In other terms, can we p...

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