This year, El Salvador President Nayib Bukele made his country the first in the world to embrace bitcoin as legal tender. That means that come September, Salvadorans will be able to pay bills and taxes in bitcoin and that all businesses will be required to accept the digital currency — from McDonald's to the fruit vendor on the corner.
Today, L.A. Times Latin America correspondent Kate Linthicum explains how El Salvador got into the cryptocurrency game.
More reading:
How a California surfer helped bring bitcoin to El Salvador
El Salvador makes bitcoin legal tender
A look at El Salvador’s meme-loving, press-hating autocratic president
