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Can El Salvador save economy with Bitcoin? Deep Dive

The cryptocurrency city of the future is going to be called Bitcoin City and it will appear in the east of El Salvador, in La Union, where the authorities are positive that Bitcoin can restore the nationu2019s economy. This entire complex will include hotels, casinos and more shopping centers.<br>https://www.cmnnews.live/can-el-salvador-save-economy-with-bitcoin-deep-dive/

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Can El Salvador save economy with Bitcoin? Deep Dive

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  1. Can El Salvador save economy with Bitcoin? Deep Dive The cryptocurrency city of the future is going to be called Bitcoin City and it will appear in the east of El Salvador, in La Union, where the authorities are positive that Bitcoin can restore the nation’s economy. This entire complex will include hotels, casinos and more shopping centers.

  2. The Infamous Bitcoin City of El Salvador For the building of the city, the authorities released bonds for $ 1 billion: half of this amount will certainly be invested in cryptocurrency for a duration of five years, the rest of the money will go to the development of infrastructure and mining terminals. El Salvador has several partners. The use of bitcoin is progress, however the money still has numerous drawbacks. One of the most important and also disadvantageous for the economic climate of El Salvador is the strong volatility of the cryptocurrency. After the money was recognized as official money in the nation, the price of bitcoin initially fell to $ 40 thousand in someday, and then rose to $ 67 thousand.That is, locals of the nation are continuously compelled to question how much their salaries will certainly expand or how much their wages will be dropped.

  3. Thank You...

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