El Salvador accepts bitcoin – level 2

16-06-2021 15:00

Politicians in El Salvador approved bitcoin as official money in this Central American country. El Salvador is the first country in the world which fully accepted bitcoin. Many politicians voted for bitcoin.

One of the politicians who voted against bitcoin said that this approval is bad and it is an experiment. One of the politicians who voted for bitcoin said that this is an important step for El Salvador. It is a step for technology and into the future which will bring tourism, new ideas, and economic development to El Salvador.

Lawmakers in countries all over the world warned about bitcoin in the past because its value can change very quickly and because it can be used for illegal activities.

The president of El Salvador said that bitcoin can help Salvadorians who live abroad to send money back home. The president has more plans for bitcoin. He wants to use renewable energy from the country’s volcanoes to mine bitcoin in El Salvador.

Difficult words: approve (to say yes to something), warn (to say that something can be dangerous), renewable (connected with getting energy from the sun, wind, water, or earth), mine (to work to get gold, silver, or bitcoin).

You can watch the original video in the Level 3 section.

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