Report – Citizens don’t accept cryptocurrency set up as national currency by their eccentric president.
Special Consul for El Sonde (El Salvador).
It all started in El Jonte, a small village on the coast of El Salvador. Along the black sand beach, a few restaurants allow you to enjoy the waves forming and the surfers trying to control them. On sandy streets, the double-striped B is ubiquitous, even found in garbage cans. Here, most merchants accept Bitcoin. As of September 7, 2021, El Salvador has become the first country in the world to recognize Bitcoin as an official currency alongside the dollar. However, transactions in cryptocurrency are very rare.
At her grocery store, Marcela Morales says she prefers cash transfers. “There is a $3 commission for transferring $100“The landlord explains, he promises:”Nobody uses Bitcoin here.” A short distance down the beach, Axel refuses to pay in cryptocurrency. With his red shirt…