SLP305 El Salvador Bitcoin Law On The Ground with Aaron van Wirdum
Stephan Livera Podcast
00:00
The Government Subsidizes the Conversion Fee
With tivo, if you are a merchant and y accept five dollars in bit coin, you actually literally get five dollars worth of dollars. So the conversion there is essentially subsidized by the government. With chiva wallets, people don't have to pay any conversion fee. They just get, literally, in dollars, what they were paid. It's a strong incentive to use the chivo instead of other solutions,. Even though other solution learly work better most of the time, as far as i can tell. Yesye.
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