Bitcoin News
By Steven Anderson
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Documenting Bitcoin: To pay his bills in El Salvador, Milton Cabrera says he would have to "spend an hour on the bus, and another two hours waiting to make the payment" in…
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Community response: In Latin America, buses, lineups and death are a certainty. If you are in a very privileged class, you may get to avoid the first two.
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Check out how many people in undeveloped countries, don't have a bank account because they have "under the table" jobs, and you will understand why Bitcoin is needed.
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One by one, the countries that have been oppressed by the US Dollar system for over 100 years will opt out. Open networks with viral adoption rates cannot be stopped.
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We aren’t there yet. But even though they aren’t pricing in BTC, as the country begins to save in BTC, they become less vulnerable to reckless US monetary policy.
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The only thing BTC has made possible for in El Sal is cheap, speedy movement between the people. This could be done with any crypto or stable coin.
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Disagree, it’s pseudonymous and the people are free to use any wallet they want. Your statement about people not saving in BTC is inaccurate.
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I get your point. But there is no such thing as rushing into USD. When you don’t have a bank account to house those dollars to begin with, the value of having a way to…
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I’m talking conversion back to cash either via ATM or direct barter with a 3rd party money changer, which are bound to spring up there. All are going to cost.
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