https://safirsoft.com El Salvador becomes the first country to adopt Bitcoin as legal tender alongside the US dollar

Why it matters: Critics have questioned whether or not Bitcoin is suitable for use as a common currency due to its wild fluctuations in price. Case in point, Bitcoin is up nearly 14 percent over the past 24 hours on the news. If nothing else, El Salvador's adoption of Bitcoin could serve as an interesting case study for the viability of Bitcoin as a traditional currency.

El Salvador has become the first country to officially adopt Bitcoin as legal tender.

The nation’s legislature approved the Bitcoin Law by a supermajority, with 62 members of the Salvadoran Congress voting in favor of the measure.

Per the Bitcoin Law, prices for goods can now be shown in Bitcoin and tax contributions can be paid with the virtual currency. What’s more, exchanges involving Bitcoin will not be subject to capital gains tax. The law further states that the exchange rate between Bitcoin and the US dollar, the country’s other official currency, will be freely established by the market.

I’ve just sent the #BitcoinLaw to Congress

El Salvador becomes the first country to adopt Bitcoin as legal tender alongside the US dollar
el-salvador-becomes-the-first-country-to-adopt-bitcoin-as.html

https://safirsoft.com As Crypto Pressure Rise, Bitcoin Drops Below $30K

As Crypto Pressure Rise, Bitcoin Drops Below $30K

Editor's impression: If you need to know anything about cryptocurrency, it is very unstable. It's a lot like riding a roller coaster, in fact there ar...
https://safirsoft.com GlobalFoundries' new strategy shows $4 billion in plant expansion

GlobalFoundries' new strategy shows $4 billion in plant expansion

The problems facing the semiconductor industry have recently become so common that headlines about chip shortages and the related problems they cause ...
https://safirsoft.com Spotify is buying Spotify Podz to help update podcast discovery

Spotify is buying Spotify Podz to help update podcast discovery

Podz uses machine learning technology to produce short podcasts for preview purposes. Spotify believes that this technology, combined with an extensiv...
https://safirsoft.com Amazon follows suit, reducing its app store cut for small developers

Amazon follows suit, reducing its app store cut for small developers

What just happened? Amazon has announced a new program designed to help small developers get their feet under them. It follows in the footsteps of com...
https://safirsoft.com DDR5 predicted to hold more market share than DDR4 by 2023

DDR5 predicted to hold more market share than DDR4 by 2023

Forward-looking: We’ve heard quite a bit about DDR5 recently, but when can we expect to see it replace DDR4 as the standard? Sooner than you might t...
https://safirsoft.com Roblox hit with $200 million lawsuit over creators' use of unlicensed music

Roblox hit with $200 million lawsuit over creators' use of unlicensed music

What just happened? Roblox, one of the most popular gaming platforms in the world, has been hit with a $200 million lawsuit from the National Music Pu...