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High 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
by rauljordan2020 3y ago
High 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.