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الرئيسيةTop NewsEl Salvador's Bitcoin Experiment Fails

El Salvador’s Bitcoin Experiment Fails

In El Sonde (Salvador), a small seaside resort dedicated to surfing, Bitcoin is displayed everywhere. As of September 2021, El Salvador has become the first country in the world to recognize Bitcoin as an official currency alongside the dollar. MAHE ELIPE TO FIGARO

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…

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