Remittances are a significant part of the El Salvadoran GDP. As a percent of GDP, remittances have been up to 21.8% of total GDP in recent years [1]. If encoura

Remittances are a significant part of the El Salvadoran GDP. As a percent of GDP, remittances have been up to 21.8% of total GDP in recent years [1]. If encouraging Bitcoin reduces the 5-10% typical remittance fees charged on 20% of GDP, that could be a 1-2% boost to GDP purely through legislation. Even if it doesn't last, it does force remittance companies to become competitive, which will benefit El Salvador for years to come. [1] https://data.worldbank.org/indicator/BX.TRF.PWKR.DT.GD.ZS?locations=SV https://data.worldbank.org/indicator/BX.TRF.PWKR.DT.GD.ZS?lo...