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How do they use it right away?
by ArtTimeInvestor 3y ago
How do they use it right away?
- rauljordan2020 3y agoHigh demand back home. People see dollars as valuable, so they can send it to pay other people as needed. Loads of people have a binance account and will accept usdc for goods and services. Also, BTC is accepted everywhere in el salvador which is close to where fam lives so there is a lot of acceptance
- ArtTimeInvestor 3y agoIn El Salvador, all shops accept Bitcoin via lightning? I know that they are required to do so, but so far I have not heard about how the compliance is.
- rauljordan2020 3y agoThere's a government app called Chivo that people use for this, and a lot of shopkeepers do have it, but they begrudgingly accept it. People much prefer USDC because they don't want to get paid in assets that are volatile
- pavlov 3y agoThe founder of Binance is going to jail in the US, but surely it won’t end badly if people keep their hard-earned dollars on this service. No such thing has ever happened in the history of crypto after all.