It’s a cautionary tale of what happens when a country adopts a cryptocurrency, tries to weave it into its economy, and rebrands itself as a tech-friendly haven
For those who believe in bitcoin, El Salvador looks like a crypto paradise. It’s one of the few places in the world where you can use bitcoin to buy a Coke or cerveza on the beach. In theory, you can pay rent in bitcoin, buy a house, pay off a credit card, or send a payment to a Mayan pottery vendor in the local market.
Yet El Salvador is far from a crypto lover’s dream. Instead, it has turned into a cautionary tale of what happens when a country adopts a cryptocurrency, tries to weave it into its economy, and rebrands itself…
from
https://bexarcountynewsonline.com/el-salvador-is-not-a-crypto-paradise-its-a-warning-financial-news/
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