We all know that El Salvador is the first country in the world to have made bitcoin legal tender. Since then, its relations with countries like the USA, Canada, etc., and institutions like the World Bank, the IMF, etc., have deteriorated, but bitcoin has accelerated the country's development.
Increase In Investment And Trade
Bitcoin does not require any kind of money exchanger. So people are moving to El Salvador for investment and business. As the popularity of crypto grows, people are moving to El Salvador to make real use of it.
End of Internal Rebellions by Iron Hand
As the economic situation strengthened, President Nayib Bukele strengthened the army and police. On the other hand, the economic condition of gangsters ignorant of blockchain technology worsened, and gangs were completely wiped out by Bukele's strong security forces.
Development Of Tourism
Economic development and a peaceful environment have strengthened the country's tourism industry. People travel, live, eat, and drink in the country using bitcoin. The gangs have also been abolished, due to which everything happens peacefully.
