FT News Briefing cover image

Why developing countries are so keen on cryptocurrencies

FT News Briefing

ESL - The First Country in the World to Make Bitcoin Legal Tender

2min Snip

00:00
Play full episode
E salvador will today become the first country in the world to make big coin legal tender. Critics say the rushed plan could cost poorer salvadoras dearly when the price falls, and provide a shield for money launderers. But whether you think it's idea or a bad idea, it's happening. crypto isn't just popular in el salvador, it's really gaining traction in a lot of developing countries.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode