"Over 70% of El Salvador's active population does not have a bank account. They aren't a part of the banking system "According to Jack Mallers, CEO of Strike. "They requested me to assist in the creation of a plan, stating that bitcoin is a world-class currency and that we needed to put together a bitcoin plan to assist these folks."
Digital money in the Future
Despite their infatuation with bitcoin, central banks throughout the world have been cautious to adopt cryptocurrencies due to their severe volatility. After rocketing to a record high above $60,000 early this year, Bitcoin, saw its value plummet by more than half. Other, less widely traded cryptocurrencies are much more volatile, according to traditional wisdom.
