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    Author Topic: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻  (Read 51032 times)
    Litzki1990
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    April 13, 2023, 04:02:46 AM
    Merited by JayJuanGee (1)
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    El Salvador Become the first country in the world to add Bitcoin as their own currency. Earlier their currency was USD but they have adopted Bitcoin as their currency to improve their economic status along with USD. And they have taken various steps centered on Bitcoin.

    El Salvador's Bitcoin-centric gambling has made tourists more attracted to Bitcoin. Officially, a survey of them showed that the tourism industry in their country increased by 30% after the implementation of the Bitcoin law. Where about 60% of the tourists in their country come from the United States. So they want to use this opportunity to enrich their tourism sector. And they have taken several other Bitcoin-centric initiatives that, if successful in reaching people, will further increase the number of tourists in their country.

    Considering the education rate, El Salvador has a 90% education rate but you can definitely see that no matter how educated you are, El Salvador has a high unemployment rate.  Youth unemployment is already on the rise.  In 2018, the youth unemployment rate was 9.82%, but the following year in 2019, the unemployment rate rose several notches to 13.28%.  As much as the nation advances in education, if jobs are not created, unemployment will continue to rise.
    You cannot compare a country's total educational attainment rate with its unemployment rate. Because they are two different things. Just because you have an educational qualification doesn't mean you have to get a job. The government is adopting various methods to reduce unemployment so that the unemployment rate of the country is relatively reduced. It is not the case that the educational qualification is decreasing every year while the unemployment rate is relatively high. Every year their country is improving in educational qualification.
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