Salvadorans remain cautious to embrace Bitcoin

World Today


The global cryptocurrency crash has seen Bitcoin and other alt-coins lose half or more of their value from the highs ​seen last year. 

You would think that would be sounding alarm bells in El Salvador, the first country to adopt Bitcoin as legal tender. 

Outside analysts question whether the country could even default on its debt. But ​El Salvador’s finance minister is looking to tamp down fears, telling reporters this week that the fiscal risk to the country from Bitcoin’s drop is “extremely minimal.” 

​Ordinary Salvadorans, meanwhile, have been slow to embrace Bitcoin.