-El Salvador has just bought 200 new sets of bitcoins.
-Making it their official medium of financial exchange
- They now hold a total of 400 BTC.
- I wish other countries would adopt this method of transaction.
- They made sanctions on businesses that don't use chivo wallet and refuse to use BTC as a medium of financial transaction
There are rumors that other countries in Latin America are studying the possibility of adopting bitcoin, I do not know how true those rumors are but it will not surprise me if this is the case, it is too soon to tell if there is a direct benefit at El Salvador yet, but I think we are bound to see it during the next year, and once countries see that they are going to want to emulate what is happening there and try to obtain some benefits out of this revolution that is about to take over the world.
Now there are going to be many obstacles as there are also many opponents that do not want to see this happening, but it is inevitable, and some politicians are realizing this and they prefer to adopt bitcoin early so the benefits that come to their countries are as big as they can be.