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Your Abuela isn't going to be able to take her .05 Btc down to the local Bodega and buy groceries. El Salvador already uses the US Dollar as its official curre
by ArkanExplorer 5y ago
Your Abuela isn't going to be able to take her .05 Btc down to the local Bodega and buy groceries.
El Salvador already uses the US Dollar as its official currency. A migrant worker in the USA is going to face a lot more fees, scams, and difficulty to buy and send BTC than just wiring the same currency he earns to to a relative who can then spend in the same currency.
This Bitcoin thing is a marketing ploy from the corrupt Salvadoran president, and an attempt to get a few crypto whales to move to the country and cash out, and buy real estate.
- dadoge 5y agoA lot more fees That couldn’t be more wrong. Look into The Lightning Network