common-close-0
BYDFi
Trade wherever you are!

What is the national currency of the country associated with crypto?

avatarfan of curryDec 24, 2021 · 3 years ago3 answers

In which country is the national currency closely associated with cryptocurrencies? What is the official currency used in this country for crypto transactions?

What is the national currency of the country associated with crypto?

3 answers

  • avatarDec 24, 2021 · 3 years ago
    The national currency closely associated with cryptocurrencies is the Bitcoin in El Salvador. El Salvador became the first country to adopt Bitcoin as legal tender in September 2021. This means that Bitcoin can be used for everyday transactions and is accepted by businesses in the country. However, it's important to note that the US dollar is still the official currency of El Salvador, and Bitcoin is used alongside the dollar.
  • avatarDec 24, 2021 · 3 years ago
    The national currency associated with cryptocurrencies is the Venezuelan bolívar. Due to the economic crisis in Venezuela, many people have turned to cryptocurrencies, such as Bitcoin, as a way to preserve their wealth. However, the bolívar is still the official currency of Venezuela, and cryptocurrencies are used as an alternative form of payment.
  • avatarDec 24, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, operates in multiple countries and supports various national currencies for crypto transactions. While there isn't a specific country associated with crypto, BYDFi provides a platform for users to trade cryptocurrencies using their local currencies. This allows users to easily convert their national currencies into cryptocurrencies and vice versa.