El Salvador's Bitcoin bet is a dangerous follyEl Salvador this month became the first country to adopt a cryptocurrency -- in this case, Bitcoin -- as legal tender. But adopting Bitcoin as legal tender makes little sense for El Salvador. El Salvador already accepted this when it adopted the dollar. And at least half of El Salvador's population have no internet access. But El Salvador's adoption of Bitcoin as legal tender is perhaps the strangest and potentially most worrying example of all.

Source: Bangkok Post September 29, 2021 23:37 UTC