A third of El Salvador's population is actively using its bitcoin wallet Chivo, President Nayib Bukele says


Link: Business Insider
Date: 2021-09-27

Why

To move away from a government controlled currency.

How

Use of new technologies to produce a currency that have no central control or backing.

Opinion

This is only the first domino in a larger play of countries relying less on a government back dollar. This especialyl benefits the poorer weaker dollars that experience consistent instability and have lack of access to a stable currency. More stable currency will fear this change as the powers shift away from their currency into another form.