el-salvador

10 ms·

61.
by el-salvador 4y ago
El Salvador and Panamá too. Even though for accounting reasons Panama calls it Balboa, its actually USD banknotes and Balboa coins at a 1=1 exchange rate.
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by el-salvador 4y ago
> The experiment is voluntary. This is an example of how the current El Salvador's government writes something in the law, and then changes the meaning (sometimes to the opposite interpretation) by means of a tweet, an interview or
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by el-salvador 4y ago
El Salvador T365 and UNI say hola :)
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Twitter user arrested after criticizing El Salvador government(vice.com)
3 points by el-salvador 4y ago|0 comments
65.
by el-salvador 4y ago
>El Salvador’s politics were dominated by two parties rooted in the Cold War: One was the conservative ARENA party, which has its origins in U.S.-backed death squads Not exactly. ARENA was never the same organization as death squads. Th
66.
by el-salvador 4y ago
> Mario Gómez was briefly detained by police in El Salvador on suspicion of being involved in a phishing scam and then released. But weren't those suspicions just some tweets by one of the president's parties congress members t
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by el-salvador 4y ago
> And a 'small loss relative to the country's balance sheet' would make an absolutely huge difference if that loss had instead been spent on education or health. Definitely. Bitcoin purchases are larger than any public hos
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by el-salvador 4y ago
> What I'm I missing? One of the topics that hasn't been talked about here and is mentioned by the article is how the Salvadoran government detained one of El Salvador's most known developers for openly talking about bitco
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by el-salvador 4y ago
> It invalidates the fact Latinos have been here for a long time and formed families and participate of society in a law abiding way, and now in a few words from this guy they're all back to being tourists and illegals I understand
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by el-salvador 4y ago
Sounds great! BB Americas has something similar for Brazilians wanting a US bank account, but other Latin American countries don't have services like Aeldra or BB available yet.
71.
by el-salvador 4y ago
I've seen some banking forms that ask for passport number, visa number or foreign tax ID when no SSN is available.
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by el-salvador 4y ago
> But currently Latinos mostly use Whatsapp for payments? Is that right? WhatsApp is widely used for almost everything in Latin America. But it doesn't support native in app payments yet. They tried to do that in Brazil in 2020 but
73.
by el-salvador 4y ago
We have a similar experience in Latin America. WhatsApp has become the main method for sharing messages, pictures, video or memes. WhatsApp groups here are what Google+ Circles attempted to be. With smaller audiences people are more open to
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by el-salvador 4y ago
> Shared sounds was a nifty innovation and TikTok executed it well. Also, shared sounds and music cross languages and boundaries more smoothly than hashtags. So a Spanish song can suddenly become viral in Eastern Europe, or a Thai song b
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by el-salvador 4y ago
> for you page, rather than encouraging people to actually follow individual account. I like that Tiktok has two feeds. A feed from people you follow and an algorithmic for you page. I find this approach better when compared to IG and FB
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by el-salvador 4y ago
PriceSmart, (Costco's Latin American cousin), does something similar too. They research/test the products before selling them so that they comply with their quality standards. So once products are on the shelves its likely that th
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by el-salvador 4y ago
> Surely you mean _large_ cash transactions. If not, could you explain how this works? Originally, like everywhere, only large transactions were registered. But in the mid 2010s some laws and regulations were updated then interpreted in
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by el-salvador 4y ago
> Another reason could be the dependence of these Bitcoin transactions on an Internet connection. I'm not sure how Chivo works but if you need a smartphone readily connected to the Internet just to proceed with simple payments, then
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by el-salvador 4y ago
> Do you know why people aren't using it? 35% of the remittances are paid by banks, but I do not have numbers on how many of them are paid via an app. El Salvador's informal economy is cash-based, doing business mostly with the
80.
by el-salvador 4y ago
> I suspect one of the larger reasons this failed is due folks above age 40 not given it a shot because of how complex it all is to use for them. The government sponsored bitcoin wallet is easier to use than the banking apps. For a norma
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by el-salvador 4y ago
> Unsurprisingly, people are resisting that by using the best way they know how: untraceable cash transaction El Salvador tracks cash transactions.
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by el-salvador 4y ago
We've had this for about three years in El Salvador. 1. Download banking app 2. Open an account by taking a selfie and a picture of the national ID card. 3. Go to " Receive Remmitance Option", type the remmitance code/MT
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by el-salvador 4y ago
> Did they also make their banking system crypto friendly? El Salvador banks don't exchange or accept bitcoin as deposit. Some of them accept bitcoin for loan payments, via an external payment processor.
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by el-salvador 4y ago
El Salvador's current bitcoin wallets are unknown.
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by el-salvador 4y ago
> I was told there would be volcano powered Bitcoin mines There is one nearby Berlín, Usulután, operated by the state owned geothermal company La Geo. A group of foreigner bitcoiners toured the plant published pictures and youtube video
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by el-salvador 4y ago
> I am sorry "everyone" is discussing El Salvador and is touristing there because of bitcoin? What?! Do you have even the slightest proof for that? It did. In part because of the bitcoin news and also because El Salvador eased
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by el-salvador 4y ago
> No one Bitcoin advocate that knows how it works is saying Bitcoin will be used -directly- for daily commerce. Even in El Salvador venmo-like apps have emerged that batch Bitcoin transactions and use credit, much like Visa does to abstr
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by el-salvador 4y ago
Adding to the confusion, there are places named El Salvador which are not El Salvador. The largest one is Villa El Salvador in Perú. https://en.wikipedia.org/wiki/El_Salvador_(disambiguation)
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by el-salvador 4y ago
That's interesting! I hadn't heard about that one. There have been cases in which people book their air tickets to the wrong airport, and end up in San Salvador, El Salvador instead of Salvador, Bahia, Brasil. Obligatory Daily Mai
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by el-salvador 4y ago
> Are there any analog NTSC channels still broadcast over the air anywhere in the world? Guatemala, El Salvador, Honduras, Nicaragua and parts of Costa Rica are still using analog SD NTSC. In El Salvador the delay was caused due to first

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