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Business Weekly: Bitcoin becomes legal tender in El Salvador

Bitcoin becomes legal tender in El Salvador

11/09/2021 GMT

BBC World Service - Business Weekly, Bitcoin becomes legal tender in El SalvadorSearch BBC

Will the people of El Salvador take to the country’s new legal tender?

In this edition of Business Weekly, we look at why one of the poorest countries in Latin America, El Salvador, decided to make Bitcoin legal tender. We also find out what happened when the cryptocurrency crashed on the first day it was rolled out. We hear about the devastating economic effects of covid in Kenya as it rolls out further curfew restrictions. Also as the matriarch of European politics, the German Chancellor Angela Merkel, prepares to leave office, we hear what issues are playing on the minds of German voters as they get ready to head to the polls. And for years Lamu, Kenya’s ancient trading port, has been in decline. But the government hopes the opening of a vast, new facility will make it a commercial superstar once more. Plus the chief executive of Babbel, Arne Schepker tells us why the company is listing on the Frankfurt Stock Exchange and whether lockdowns have impacted on people’s desire to learn languages. Business Weekly is presented by Lucy Burton and produced by Matthew Davies.

(Image: A man is seen in a store where bitcoins are accepted in La Libertad, El Salvador, Getty Images)

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