El Salvador was named the #1 country in headlines last year. Adopt as legal tender. The move is controversial both in and outside of the country, heralded for its potential to bring financial services to large portions of El Salvador’s unbanked population and Criticized for top-down implementation. This created uncertainty, and some Salvadorans felt they had no choice. However, El Zonte accepts Bitcoin.BTCPayments made through organic development that are pre-law were accepted as a form of payment.

These arguments, while for and against the law, don’t actually exist in contradiction to one another. The government made this decision. However, financial services are now available to new parts of the populace. However, not all governments are keen to declare Bitcoin legal tender. This leaves us with a question: What can be done to encourage adoption of crypto in emerging markets such as El Salvador?