El Salvador’s bet on bitcoin
Today, Explained
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Challenges of Bitcoin Adoption in El Salvador
This chapter delves into the functions and hurdles of using the Chivo ATM for Bitcoin transactions in El Salvador, addressing the government's efforts to encourage adoption through incentives like free Bitcoin. Despite initial interest, the chapter reveals skepticism and practical barriers that hinder effective use, such as limited internet access, a preference for physical dollars, and the volatile nature of Bitcoin.
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