El salvador is a country in Central America and is boarded in the northeast by Honduras. The capital city of El Salvador is called San Salvador.This county has hit the headlines by announcing Bitcoin as its official currency. This makes it the first country to recognize the use of cryptocurrency as its legal tender along with the US dollar. Bitcoin has been growing its fame all over the world and now it has been recognized by El Salvador.
According to the report from World News, The president of El Salvador Nayib Bukele announced the purchase of 400 bitcoin which was worth 200 US dollars. The president claims that the decision will boost the country’s financial inclusion and economic development.