2021 El Salvador legalized Bitcoin, taxi driver Napoleon Osorio profited, but overall adoption remains low.

Napoleon Osorio, a taxi driver in El Salvador, became wealthy by accepting Bitcoin payments after the country made it legal tender in 2021 under President Nayib Bukele. Osorio runs a car rental business with 21 drivers, benefiting from Bitcoin's value increase. Despite his success, a study shows that 88% of Salvadorans have not adopted Bitcoin. Bukele's initiative aimed to include the unbanked population in the financial system, but overall adoption remains low.

September 07, 2024
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