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El Salvador has used the U.S. Dollar as official currency since 2001, which Bitcoin will join, not replace. The vote marks a major milestone in monetary history and could be afor business worldwide as Bitcoin becomes a more practical asset and the Central American state a cryptocurrency hub. The support of a nation state also could go a long way to dispel widespread skepticism of Bitcoin's long term utility and acceptance, though fears will remain over the token’s volatility.
with ambitions the nation has with the International Monetary Fund, where it is seeking a $1 billion program.
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