Post
Topic
Board Economics
Re: Most crypto-friendly economies in the world
by
coupable
on 07/08/2022, 20:19:37 UTC
I sincerely don’t understand why El Salvador should be added to the Most crypto-friendly economies ranking? Or maybe the Central African Republic? In El Salvador, almost no one is interested in bitcoin. Its real use comes down to admiration on the internet, in style: look how great it is that El Salvador has adopted bitcoin as a means of payment. And what is the result? What as a practical application?
I agree with you very well regarding the above two examples. Legalizing Bitcoin as a recognized payment method does not mean that this has a direct consequence in reality. Originally, these are poor countries and the rate of schooling is very low, so how do you expect the general public to use advanced technology?
In El Salvador in particular, the country encouraged the use of bitcoin by launching a bitcoin wallet application, and everyone who downloaded the application received a $30 reward. In one study comparing the number of residents who downloaded the wallet and did not continue using it after receiving the reward, and those who continued to use the wallet, the difference was too large to say that El Salvador is a crypto-friendly country in the practical sense.
I do not have accurate information, but I do not expect the situation to be any better in the Central African Republic .