Bitcoin becomes legal currency in El Salvador

World Today

A Barber Shop worker shows his shop’s unique QR code for Bitcoin payments, from the BitCoin Beach App, in Santa Tecla, El Salvador, Saturday, Sept. 4, 2021. El Salvador is adopting Bitcoin as an official currency on Tuesday, Sept. 7, 2021. (AP Photo/Salvador Melendez)

El Salvador on Tuesday became the first country in the world to accept Bitcoin as legal tender — a milestone for cryptocurrencies around the world.

The country’s president says the move will increase Salvadorans’ access to financial services, as well as boost tourism and investment in the country.

But convincing the public may not be easy.