The value of Bitcoin has plunged by more than 10 percent after El Salvador on Tuesday became the first country in the world to accept the cryptocurrency as legal tender. The launch was marred by protests and technical difficulties with the digital wallet app, which had to be taken offline for several hours. Also today, we report on tourism businesses in the southwest of France that have benefitted from the recent spell of good weather, which has prolonged their summer season.
El Salvador has become the first country in the world to make Bitcoin legal tender, despite surveys showing widespread scepticism about the move. The government has invested more than $20 million in the cryptocurrency in recent days, saying it will open up access to banking for many Salvadorans. Bitcoin will be accepted for payments in parallel with the US dollar. Also today, millions of Americans have lost their unemployment benefits as several pandemic-era welfare programmes have expired.
On 7 September 2021, El Salvador became the first country to embrace bitcoin as legal tender. Consumer demand saw its brand-new cyber wallet system crash on its first day of use as the currency's value seesawed against the US dollar. While thousands of Salvadorans are already using the cryptocurrency for everyday transactions, hundreds have taken to the streets to protest with concerns about the safety and legitimacy of the cyber currency.
Couples say 'yes' at the altar during a mass marriage ceremony held in EL Salvador despite the Covid pandemic to mark Valentine's Day.
During the 1979-1992 civil war in El Salvador, thousands of children were the victims of organised trafficking run by the army. It's estimated that around 30,000 infants were sent abroad for adoption – often without their parents' consent. This murky past was buried for the sake of amnesty; included in a peace agreement. To this day, hundreds of families are still searching for the truth about their origins. FRANCE 24's Laurence Cuvillier and Matthieu Comin report.
27 Sep 2020
The 29-year-old woman had served six years out of a 10-year sentence for 'aggravated homicide' under El Salvador's abortion laws. She was eight months pregnant when she had a miscarriage in a shopping mall bathroom.
4 Feb 2019
If poll predictions play out, the two parties that have ruled El Salvador for the past 30 years could lose their grip on power. The favorite to win Sunday's vote is a young outsider who has vowed to stamp out corruption.
4 Nov 2017
Hundreds of turtles show up dead off the coast of El Salvador.
8 Jul 2017
Amateur video shows a helicopter rescue after a fire broke out in El Salvador's Finance Ministry, which officials say killed at least two people and injured more than 20 others