Bitcoin became legal tender for El Salvador this week. Why did the country make this move? Crypto Currency’s attraction is that it is de-centralized or not controlled by the central banking system. Is this the future of our money?
It is very important to understand the difference between Centralized Banking and De-Centralized Banking. They say: “Be your own central bank if you want financial freedom!” But how is this done? Until recently, people would hold gold and/or silver. Then crypto currencies came on the scene, providing another possible option of de-centralized banking.
Bitcoin has a rocky rollout as El Salvador’s new national currency