AlphaPoint was on the ground in El Salvador for World Bitcoin Day on September 7, 2021, when the Bitcoin law officially came into effect nationwide. Supported by the Bitcoin Foundation, we joined a larger delegation of Bitcoin and crypto industry representatives to celebrate El Salvador as it became the first nation to officially embrace Bitcoin as legal tender.
Facilitated by the launch of its state-run ‘Chivo’ Bitcoin wallet, patrons now have the freedom of choice to pay with USD or Bitcoin, while merchants have equal flexibility in their decision to receive either currency option — providing additional socioeconomic empowerment and expanded financial inclusion.
Additional reading: Bitcoin Accepted in Starbucks, McDonald’s, and Everywhere in El Salvador
Our team celebrated World Bitcoin Day near ‘Bitcoin Beach’ in El Zonte, a surf community and popular vacation site that has used Bitcoin as the primary medium of exchange for over three years. Local merchants were present at the ceremony accepting payment in Bitcoin, and the night was capped off by a brilliant visual display of drone art in the night sky.
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