On September 7, El Salvador is set to become the pioneering nation to embrace the digital currency as an authorized medium of exchange. The president of the country reveals that El Salvador at present possesses 400 bitcoins and intends to “acquire a substantial amount additionally.” This digital currency will be in circulation concurrently with the authorized national currency, the U.S. dollar. Eddie Van der Walt presents the report on “Bloomberg Markets: European Open” for Bloomberg.
Credit: YouTube/Bloomberg Television
