El Salvador makes history and implements bitcoin as national currency - Purple Group's Rob Graham

El Salvador has made history as the first country to adopt bitcoin as legal tender. The implementation of the premier cryptocurrency as the national currency began yesterday, with the digital coin nosediving nearly 20%. Vice President of Finance at the Purple Group, Rob Graham, joined the BizNews team to discuss the challenges and opportunities that El Salvador will face in the coming months. International regulators have warned against the Central American country using bitcoin as a currency, with volatile price action making it difficult as a medium of exchange. Graham, a cryptocurrency enthusiast, gives fascinating insights into the application of bitcoin from a transactional and logistical perspective. Learn more about your ad choices. Visit megaphone.fm/adchoices