Fear and excitement in El Salvador as bitcoin gets accepted as legal tender

El Salvador has become the first country to accept Bitcoin as legal tender which has got the nation into both fear and excitement. From today, businesses will be obliged where possible to accept the controversial digital coins as payment.

Millions of people are expected to download the government’s new digital wallet app which gives away $30 (£22) in Bitcoin to every citizen. Bitcoin fans around the world have been buying $30 worth of the digital coins as a show of support and to help boost the value of the volatile currency.