El Salvador has become the first country to adopt bitcoin as legal tender.
Lawmakers in the Central American country’s Congress voted by a “supermajority” in favor of the Bitcoin Law, receiving 62 out of 84 of the legislature’s vote.
The price of bitcoin was up 5% to $34,239.17 shortly after the vote.
The move will give many Salvadorans access to bank services for the first time and same some USD. 400Mn in fees on remittances sent home from abroad every year.
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