Bitcoin has been adopted as an official currency by El Salvador, a move that could help Salvadorans abroad send money back home. With migrants around the world losing billions of dollars every year through remittance fees on traditional money transfers, could cryptocurrency be the new way forward? Subscribe: https://www.bit.ly/3L0j2Ro Watch more videos: https://www.bit.ly/3FPmblU Visit our site: https://www.context.news/ — We make short documentaries, explainers and original series for people who care about the world’s biggest challenges. Context is anchored around three of the most significant and interdependent issues of our time: climate change, the impact of technology on society and inclusive economies. We contextualize how critical issues and events affect ordinary people, society and the environment. Context is a media platform brought to you by the Thomson Reuters Foundation, the corporate foundation of Thomson Reuters, the global news and information services company. Through journalism, media development, free legal assistance, and convening initiatives, we combine our unique services to drive systemic change.