- 2.1M Salvadorans now actively use a Bitcoin wallet
- Bitcoin is a legal tender in the country
The country of El Salvador is one of the places in the world that fully embraces Bitcoin. In fact, Bitcoin nowadays in the country is now considered a legal tender. As a result, this aggressive move in making Bitcoin a legal tender brings many benefits to its people. The privilege of enabling all the unbanked people to have access to financial services is one example of the benefits that Bitcoin brings.
This made the crypto analyst, Bitcoin Archive react in a tweet post:
— Bitcoin Archive 🗄🚀🌔 (@BTC_Archive) September 25, 2021
In a tweet posted by Bitcoin Archive, the number of people in El Salvador that use Bitcoin wallets is figured to be 2.1 million people. In detail, this number overtakes the volume of people who have bank accounts in the country which only amounts to 1.8 million. Indeed, this is another achievement that the crypto world must celebrate.
On the other hand, despite Bitcoin’s challenges every day, BTC continues to be the trusted crypto by investors. Specifically, the president of El Salvador, Nayib Bukele, is considered to be one of them. Through this, Bitcoin maintains its position as the king of crypto assets in terms of market cap. At the time of writing, Bitcoin trades over $42k with a market cap of almost $800 billion.