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When El Salvador, one of the poorest countries in Latin America, adopted bitcoin as legal tender on September 7, 2021, the cryptocurrency was close to $47,000. read more.
Binance CEO Changpeng "CZ" Zhao said Thursday that the president of El Salvador told him the country did not hold any bitcoin on collapsing crypto exchange FTX. "Man, the amount of misinformation is insane," CZ tweeted. "I exchanged messages with President Nayib a few moments ago.
The decision by President Nayib Bukele to make the cryptocurrency legal tender means that in theory it must now be accepted by all businesses, alongside El Salvador's other currency, the US dollar.
Along the coast of El Salvador lies the small town of El Zonte, known mostly for ecotourism and surfing. Even decades after being discovered by tourists and surfers the small town of 3,000 locals never had the infrastructure for an ATM. But, this past year El Zonte finally caught a wave of its own and now (oddly enough) is home to a Bitcoin ATM.
The legendary Bitcoin Shooter joins us to discuss the making of his short documentary film, Comeback Country, in which the ...
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