Central American nations ask: Can Bitcoin cut remittance costs? | Banks News
Bitcoin news

Central American nations ask: Can Bitcoin cut remittance costs? | Banks News

Central American countries are eagerly waiting to see if El Salvador’s adoption of Bitcoin as parallel legal tender cuts the cost of remittances, an important source of income for millions of people, say the region’s development bank. President Nayib Bukele’s congressional allies have already approved legislation giving the cryptocurrency official currency status alongside the US…