TBD | Will Bitcoin Ruin El Salvador?
What Next | Daily News and Analysis
Slate Podcasts
4.3 • 2.4K Ratings
🗓️ 27 May 2022
⏱️ 23 minutes
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| 1:07.8 | How long did you live in El Salvador? I started in 2018. I left during part of the pandemic, |
| 1:15.2 | but was there most of 2018, 2019, and then 2020 and 2021 kind of back and forth. |
| 1:24.5 | Anna Catbridge is a reporter who covers Latin America. She lives in Honduras now, but was based |
| 1:30.5 | in El Salvador and has been reporting on the country for years. And she was there when El Salvador |
| 1:36.8 | became the first country to make Bitcoin legal tender last year. The day that it was announced |
| 1:43.9 | in June was very much a surprise. That is why next week I will send to Congress a bill that will |
| 1:50.8 | make Bitcoin a legal tender in El Salvador. The country's president, Nea Biquele, announced his |
| 1:55.8 | plan on June 7th via video to a conference of Bitcoin fans. And then from there, everything just |
| 2:04.0 | went at full speed because the legislative assembly basically approved everything within a few days. |
| 2:11.6 | And then they said, you know, within 90 days, we're going to make this happen. |
| 2:15.6 | In those 90 days, El Salvador had to build a tone Bitcoin wallet, install Bitcoin ATMs, |
... |
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