El Salvador already adopted cryptocurrency as an official currency in the last eight months. Now the lingering part of this still falls back to the market dip going on presently in cryptocurrency. As the market is falling now, does that mean El Salvador will fall too? Many shades have been thrown on this matter. What happens to El Salvador if the market falls!!

In regards to this, great news still keeps coming from the Central American country. Since El-Salvador has made cryptocurrencies an official currency, the country now wants more governments to follow suit. They encouraged 44 countries to embrace cryptocurrencies. Countries across Africa, Asia and Latin America.

On the last day at El Zonte, El Salvador, a beach event was organized. Many financial authorities and central bankers from all around the world were present to commemorate the concept of a new financial system.

Many debates have erupted online regarding whether or not this is a bitcoin event. However, it was clarified that the event was a financial inclusion event that would aid in the prioritization of funding available to small businesses.