Reuters exclusively reports Este Salvador bitcoin exchanges soar with a small fraction of dollar remittances

Reuters exclusively reports Este Salvador bitcoin exchanges soar with a small fraction of dollar remittances

October 1, 2021 Off By Sindy Thompson

Source : Reuters

Business & Finance

Reuters exclusively reported that small transfers of bitcoin to El Salvador jumped over four-fold in May from a year ago but still represent a small amount when compared to remittances sent in dollars. El Salvador became the first country to adopt bitcoin as legal tender, with President Nayib Bukele touting the cryptocurrency’s potential as a remittance currency for Salvadorans overseas.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: FX & Fixed Income

Regions: Americas

Countries: El Salvador

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

Source: Reuters