Post
Topic
Board Bitcoin Discussion
Re: El Salvador rolls out 200 Bitcoin ATMs in a bid to speed-up nationwide adoption
by
LoyceV
on 05/09/2021, 11:55:37 UTC
Most probably the government was urging to use that wallet to giveaway $30 in bitcoin but they are free to use any wallet and like most common is Strike among El Salvador for lightning network payment
I'm not sure what's scarier: a government-owned wallet, or an entire country that relies on a single custodial wallet. I'm totally fine using custodial LN wallets for small amounts, and I realize I put my (small) funds are in someone else's hands. If that happens to an entire country, it might need regulation similar to banks, because an exit scam would end in a bail out.