Due to the pandemic COVID-19, the future of the financial market is uncertain. Cryptocurrency is the most popular financial system in these few decades, most prefer doing things online or even an app rather than filing up lengthy paperwork.
On Sept 7th, El Salvador became the first country to adopt bitcoin as a national currency. Bitcoin is now legal tender alongside the US dollar. If any Salvadorans download the "Chivo Wallet" an application created by the government that will deliver $30 worth of bitcoin to people to promote its use. However, the price was $46,930 down 9.1% in the past 24 hours. The purpose of implementing bitcoin is to attract more new investments into their poor countries and hope to reduce commissions paid for sending remittances from abroad.
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