Post
Topic
Board Bitcoin Discussion
Merits 4 from 2 users
Re: Why has bitcoin adoption failed in El Salvador?
by
Zlantann
on 05/09/2022, 14:04:40 UTC
⭐ Merited by fillippone (3) ,JayJuanGee (1)
El-Savador never had a better yesterday, ever since bitcoin adoption till now.


https://twitter.com/stacyherbert/status/1566463771656192004?t=CsWtFmW8b25Hja0KQFyDxA&s=19

Yes, Bitcoin has really given El Salvador an alternative investment and payment platform. It has been reported that its adoption of Bitcoin as a legal tender has attracted tourists to this nation, thereby increasing the income gotten from the tourism sector.

But the tweet you quoted was specifically for the nation's success in making El Salvador safe and not about Bitcoin. El Salvador was ravaged by gang-related crime and the government has done a very good job in limiting their activities to a large extent. President Bukele understood that for his nation to become a Bitcoin hub, it must be safe for investors and Bitcoin tourists.

I am sure in a few years we would begin to see the positive contribution of Bitcoin to the multi-dimensional development of El Salvador.