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El Salvador, a country located in Central America, has adopted Bitcoin as legal tender, leading to a surge in the use of cryptocurrencies and digital payments. The government is promoting Bitcoin as a tool for economic growth and financial inclusion, although concerns remain about its volatility and environmental impact. El Salvador’s unique adoption of Bitcoin as legal tender is a defining feature of its payment system. While cash remains a significant part of daily transactions, Bitcoin coexists with traditional methods like credit and debit cards and mobile money, creating a complex and evolving landscape.

Population

Estimated Population

6.5 million

Currency

Currency

Salvadoran colón (SVC)



Popular payment methods