{"id":6451,"date":"2021-06-07T09:34:49","date_gmt":"2021-06-07T13:34:49","guid":{"rendered":"https:\/\/www.technewsday.com\/?p=6451"},"modified":"2021-08-03T11:00:45","modified_gmt":"2021-08-03T15:00:45","slug":"el-salvadors-president-calls-for-bitcoin-as-legal-tender","status":"publish","type":"post","link":"https:\/\/technewsday.com\/staging\/el-salvadors-president-calls-for-bitcoin-as-legal-tender\/","title":{"rendered":"El Salvador\u2019s President Calls For Bitcoin As Legal Tender"},"content":{"rendered":"\n<p>El Salvador&#8217;s President Nayib Bukele has declared his intention to make bitcoin the nation&#8217;s legal tender.<\/p>\n\n\n\n<p>In a recorded message played at a bitcoin conference in Maimi, the president said he would send bills to the country&#8217;s congress to ensure that bitcoin becomes legal tender in the country.<\/p>\n\n\n\n<p>He described the adoption of the cryptocurrency as an idea that could move El Salvador forward, while further commenting on Twitter, his preferred means of communication.<\/p>\n\n\n<p>He said that much of the $6 billion in remittances to intermediaries had been lost and that bitcoin could benefit more than a million low-income families.<\/p>\n\n\n<p>For him, bitcoin could be &#8220;the fastest growing way to transfer 6 billion dollars a year in remittances.&#8221;<\/p>\n\n\n<p>For more information, read the <a href=\"https:\/\/www.npr.org\/2021\/06\/06\/1003755600\/bitcoin-cryptocurrency-money-el-salvador\" target=\"_blank\" rel=\"noopener\">original story<\/a> in NPR.<\/p>","protected":false},"excerpt":{"rendered":"<p>El Salvador&#8217;s President Nayib Bukele has declared his intention to make bitcoin the nation&#8217;s legal tender.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9],"tags":[124],"class_list":["post-6451","post","type-post","status-publish","format-standard","hentry","category-todays-news","tag-bitcoin"],"acf":[],"_links":{"self":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/6451","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/comments?post=6451"}],"version-history":[{"count":3,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/6451\/revisions"}],"predecessor-version":[{"id":6475,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/6451\/revisions\/6475"}],"wp:attachment":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/media?parent=6451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/categories?post=6451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/tags?post=6451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}