El Salvador's Adoption of Bitcoin - Why Have They Done It & How Will It Work?

Earlier this month, El Salvador became the first country in the world to adopt bitcoin as legal tender. The country's president, Nayib Bukele, has claimed that this would not only help the economy but also give countless Salvadorans access to bank services for the first time. But what does this mean for the citizens of El Salvador on a day-to-day basis and what could the social, economic, and political ramifications be further down the line? To discuss, Gavin McLoughlin was joined by Santiago Perez, Deputy Editor, Latin America at The Wall Street Journal. Taking Stock with on Apple Podcasts, Google Podcasts and Spotify.      Download, listen and subscribe on the Newstalk App.     You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.