El Salvador wants to be the first nation in the world to treat bitcoin like cash

El Salvadorean president Nayib Bukele wants his country to lead the way globally for bitcoin.

That was the message President Bukele had for attendees at the Miami-set Bitcoin 2021 conference in a pre-taped video that played on Saturday. He announced a partnership with the payments app Strike that will pave the way for for bitcoin to join the U.S. dollar as an acceptable form of hard cash in El Salvador.

"Next week I will send to congress a bill that will make bitcoin a legal tender," Bukele said in the video. The report goes on to note, in CNBC's words, that Strike will help to "build the country’s modern financial infrastructure using bitcoin technology." Read more...