El Salvador Bitcoin: How a Nation Bet Everything on Crypto

When El Salvador Bitcoin, the world’s first national adoption of Bitcoin as legal tender. Also known as digital dollar, it was meant to cut out banks, help remittances, and bring the unbanked into the financial system. In September 2021, El Salvador became the first country to make Bitcoin legal tender alongside the U.S. dollar. No one had tried this before. No one knew if it would work. But President Nayib Bukele pushed it through anyway—with a mobile app, Bitcoin ATMs, and a $150 million Bitcoin bond plan.

This wasn’t just a policy change. It was a social experiment. People in rural villages started getting paid in Bitcoin. Workers used the Chivo wallet to send money home. Tourists paid for tacos with BTC. But behind the headlines, things got messy. The app crashed. Many people didn’t understand how to use it. The government bought Bitcoin at $47,000—and watched it drop below $20,000. Critics called it a gamble. Supporters said it was the only way forward for a country with high fees and limited banking access. The truth? It’s still unfolding. El Salvador didn’t just adopt Bitcoin—it forced the world to pay attention.

What you’ll find here are real stories from people who lived through it. Posts cover how P2P crypto platforms kept Bitcoin trading alive when banks refused to help. You’ll see how crypto bans in other countries look different when you’ve already gone all-in on Bitcoin. There are reviews of exchanges people actually used, warnings about fake platforms, and breakdowns of how stablecoins like USDT became the quiet backbone of daily transactions. This isn’t theory. It’s what happened when a small nation decided to rewrite the rules—and how the rest of the world reacted.

Ben Bevan 11 November 2025 14

How El Salvador Uses Bitcoin for National Economy

El Salvador made Bitcoin legal tender in 2021 to cut remittance costs and boost financial inclusion. But years later, adoption is low, the IMF intervened, and the experiment has largely failed to deliver on its promises.

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