Bitcoin launch sparks wave of cryptocurrency speculation in El Salvador

Published Oct 02 2021 at 4:44 PM GMT
  • Bitcoin has unleashed a wave of speculation in El Salvador since its adoption as legal tender last month.
  • Uber drivers, waiters and shop owners are day-trading the cryptocurrency on their phones, buying dips and selling rallies with a government app that comes pre-loaded with US$30 worth of bitcoin.
  • The government’s new digital wallet, called Chivo, was designed to facilitate bitcoin transactions, but the ease with which users can top up their balances and switch instantly between dollars and….



  • Published Oct 2, 2021 4:44 PM GMT