El Salvador Finance Minister: Bitcoin Strategy Is Working, Still Plans To Issue Bitcoin Bonds

El Salvador’s Finance Minister Alejandro Zelaya has defended the country’s strategy to adopt Bitcoin as legal tender. El Salvador has been betting on bitcoin for nearly a year, he said, and the digital currency has brought financial services to the largely unbanked and attracted tourism and investment. Although the use of bitcoin as a means of exchange is low, he still believes in the digital currency, adding that the government is still planning to issue bitcoin bonds using blockchain technology. "It's something new to some people and something they don't fully understand, but it's a phenomenon that exists and is gradually expanding and will continue to be for years to come," Zelaya said in the interview. exist."