Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻
Financial Literacy Revolution. It's a future where every child learns about Cryptocurrency in their Academic Education. Nowadays, Learning crypto is to earn more foreign currency. Here they highlight, Block number 1 isn't just a physical space; it's a gateway to economic empowerment for generations to come. Children are very happy with their first transaction, they are not only learning more but also they learn more about how to generate money. Children will be opened to their source of possibilities, where financial independence and prosperity are within reach for all.
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Hopefully they are not learning about shitcoins.
I don't think he is referring to other cryptocurrencies anyway from the context as long as this is coming from El-Salvador and not any other place, the government will make sure that nothing is being taught in schools than bitcoin, i have that confidence in them, but am against the general use of the word crypto because its symbolizes the inclusion of other shitcoins, more better to use bitcoin which is the subject matter of discussion.
Remittances through cryptocurrency wallets to El Salvador are down 19.1%.
State financial entity statistics indicate that remittances received reached 6.77 million dollars in January 2024, which was 8.37 million in January 2023. El Salvador's household remittances received through cryptocurrency wallets fell 19.1% last January compared to the 21st month of 2023, according to data from the Central Reserve Bank.
The difference in the currency transferred to digital wallets was 1.6 million dollars less than the equivalent of 19.1, according to official data. January earnings through currency wallets represented just 1.13% of the total household remittances recorded at 594.14 million.
And throughout 2023, household remittances received through Salvadoran cryptocurrency wallets fell by 34.5% compared to 2022, from 126.72 million to 82.93 million.
Information: https://forbescentroamerica.com/2024/02/23/en-el-salvador-las-remesas-con-billeteras-de-criptomonedas-caen-un-191
State financial entity statistics indicate that remittances received reached 6.77 million dollars in January 2024, which was 8.37 million in January 2023. El Salvador's household remittances received through cryptocurrency wallets fell 19.1% last January compared to the 21st month of 2023, according to data from the Central Reserve Bank.
The difference in the currency transferred to digital wallets was 1.6 million dollars less than the equivalent of 19.1, according to official data. January earnings through currency wallets represented just 1.13% of the total household remittances recorded at 594.14 million.
And throughout 2023, household remittances received through Salvadoran cryptocurrency wallets fell by 34.5% compared to 2022, from 126.72 million to 82.93 million.
Information: https://forbescentroamerica.com/2024/02/23/en-el-salvador-las-remesas-con-billeteras-de-criptomonedas-caen-un-191
In this context, i want to believe they are not considering the bitcoin data here alone, other cryptocurrencies were also into consideration, but you cannot have a retrogress with bitcoin in adoption and utility in El-Salvador, if we are to consider the bitcoin only analysis, then we are going to have a lot to write about in its increase ever since.