CURRENT EDITION

CURRENT EDITION

EDITORS NOTE

Ever since the onset of the Covid-19 pandemic, businesses and governments have depended on technological innovation more than ever before leading to the acceleration of digital transformation across many industries. Purchases and transactions have increasingly moved away from cash and towards digital solutions and central banks across the world have stepped up efforts to develop their own digital currencies to modernise financial systems and speed up domestic and international payments.

El Salvador caused a brouhaha in September as it became the first country to adopt a cryptocurrency, introducing Bitcoin as legal tender. In this issue of The Fintech Times, we delve into the reasons behind the Central American’s foray into Bitcoin and the subsequent reaction from the rest of the world (page 12).

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