Post
Topic
Board Bitcoin Discussion
Re: Why has bitcoin adoption failed in El Salvador?
by
Sr.Urbanist
on 02/09/2022, 20:17:47 UTC
Not exactly. El Salvador blew it when it gave away the $30 all in one go. It should've rewarded citizens based on participation (like a sort of cashback), not just downloading and installing the wallet

he does that on two motives, one is to help the citizens adapt to the use of bitcoin by having some stash in the wallet so that they can all have a reason more for it engagement, he also do that in other to consider the less privileged and for every single citizens to have at least that little amount to earn a living

Most everyone immediately downloaded the Chivo app. For the first week, I saw about 1/3 using the Chivo wallet. I have seen a handful since. Most people spent it right away. But I do think it is helping with remittances in amounts of $20 - $30 because it removes the 25% transaction fee. Everyone I send to sends me a screenshot and I see "convert to USD" checked.

I would like to be able to receive Bitcoin as change from SuperSelectos, Texaco and other large establishments.