El Salvador's Bitcoin Adoption Strategy Working Fine - Says Alejandro Zelaya!

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As per Bloomberg reports, El Salvador’s finance minister is doubling down on the country’s strategy to adopt bitcoin as a national currency, despite a 50% loss.

Bitcoin helped them bring financial services to a largely unbanked population while simultaneously attracting tourism and investments, said Alejandro Zelaya.

The Finance minister confirms that El Salvador government is still firm on issuing a Bitcoin-backed bond using blockchain technology