By giving bitcoin the status of legal tender, El Salvador has benefited, even though the cryptocurrency's exchange rate has dropped significantly. Alejandro Zelaya, head of the Ministry of Finance, made this statement in an interview with Bloomberg.

Firstly, according to the official, with the help of digital currency it was possible to involve in the use of financial services those segments of the population, which for some reason did not have access to traditional banking services. Secondly, the country received a tangible inflow of foreign investments. In addition, El Salvador has gained popularity among tourists interested in cryptocurrencies.

At the same time, the Minister of Finance admitted that the scale of BTC use as a means of payment inside the country leaves much to be desired. However, Zelaya is confident that in the future the Salvadoran population will continue to increase the use of digital gold for their needs. The fact is that a large part of citizens still has a poor understanding of what cryptocurrencies are.

Previously, the authorities of El Salvador received serious criticism from the IMF for its decision to recognize BTC as a means of payment on a par with the national currency. The IMF still recommends that the country's government cancel the reform.