El Salvador's bet on Bitcoin and radical reforms, including making the cryptocurrency legal tender in the nation, have led to measurable success and turned it into "Latin America's ultimate comeback story," according to a report by New York firm VanEck. The country's introduction of Bitcoin into daily life has created a foundation for broader acceptance and innovation in financial technology, with 8% of Salvadorans using the cryptocurrency for payments. President Nayib Bukele's support for Bitcoin has also paid off, as the country now holds over 5,900 Bitcoins worth $546.6 million. The report suggests that El Salvador could become a strategic partner for the US in its efforts to build regional alliances.



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