2 ms·

You realize that a lot of countries actually don't use dollars and use their own currency right?

• csomar 5y ago
  They need access to a USD settlement network for imports/exports.
  • DangitBobby 5y ago
    How does BTC change that?
    • csomar 5y ago
      Very few people are willing to accept El Salvador Sovereign currency. Many people (and maybe countries) will accept BTC.
      • indymike 5y ago
        The national currency in El Salvador is the US Dollar. They retired out their own currency in the 2000s.
• kragen 5y ago
  The article explains that El Salvador, like Ecuador, is fully dollarized at present. Here in Argentina only the real estate market is dollarized. However, not dollarizing your domestic economy doesn't mean you can hold your central bank's reserves in your own currency; not even the US can do that.