El Salvador Buys Up Bitcoin Ahead of Adoption as Legal Tender

El Salvador Buys Up Bitcoin Ahead of Adoption as Legal Tender

The South American country of El Salvador is buying up large quantities of Bitcoin (BTC) as its law making the digital cryptocurrency legal tender is implemented.

El Salvador has bought 400 bitcoin (roughly $21 million) so far, with plans to buy “a lot more,” according to a statement from the country’s President, Nayib Bukele.

Allum Bokhari