El Salvador to start using Bitcoin as official currency on September 7

El Salvador to start using Bitcoin as official currency on September 7

El Salvador, which approved Bitcoin as the official currency in its parliament, announced that it will be used in the market from September 7.

El Salvador, which accepted Bitcoin as the official money by signing a first in the world, announced that Bitcoin will be used in market transactions as of September 7.

Fitch warned El Salvador, which accepted Bitcoin as the official currency in the Parliament in the past weeks. Fitch has reported that fluctuations in Bitcoin prices will create difficulties in using it as a payment unit.

The IMF also announced that it would create difficulties for the country to start using Bitcoin as official currency.

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