The country learned of the plan when Bukele announced it, in English, at a Bitcoin conference in Miami. Most have said they have little intention of using Bitcoin, according to a recent survey in La Prensa Gráfica newspaper. The enthusiasm from abroad also rings hollow to some in El Salvador, who hear in it echoes of the financial colonialism that the global crypto movement claims to undermine. “It seems that for them El Salvador is just a tool to promote their cryptocurrency,” said Tatiana Marroquín, a Salvadoran economist. Naotoshi Yamasaki, a surfer, said Bitcoin ATMs can be quickly depleted of dollars, but overall the project has worked.

Source: bd News24 September 07, 2021 07:52 UTC