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    El Salvador Becomes First Country to Adopt Bitcoin as Currency

    On Tuesday, El Salvador started using Bitcoin as a legal tender but the rollout unveiled some complications. President Nayib Bukele said that the digital wallet used for crypto transactions was not functioning properly. El Salvador’s president had to act as tech support for his nation as they are entering the world of cryptocurrency.

    Bukele was showing users what was happening through his Twitter account with more than 2.8 million followers. He explained that Chivo, the digital wallet was disconnected while server capacity was increased. The president added that the issue was relatively simple and that people should download the app and leave comments on its status.

    At the same time, the value of Bitcoin dropped early Tuesday from more than US$52,000 per coin to $42,000 before coming back to about $47,000. The government in El Salvador plans to install 200 Chivo automatic tellers and 50 Bitcoin attention centres. 

    For more information about the source click HERE