Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻
by
Die_empty
on 04/11/2024, 20:54:48 UTC
⭐ Merited by JayJuanGee (1)
and so there were some problems with how the payments were made including some ways that people ended up claiming $30 that was supposed to be the airdrop of other citizens.  The intention may well have had been good, but the roll out of the $30 airdrop had a lot of problems.

Problems are part of success. I am very happy with El Salvador's bold move, they dare to take risks in all development limitations. Even they are currently considered successful because of the accumulation of BTC purchases. I think they continue to try to fix the problems that have been obtained for the time being. But today I read the news that one of the programs they created failed. This program is Bitcoin Visa. The news I read until now is that no Visa has been issued from the Bitcoin adoption program. The original plan of this program aimed to attract 1,000 investors to settle in El Salvador, to raise $1 billion.

Source: https://news.bitcoin.com
Being the first country to make Bitcoin a legal tender, they will make mistakes and also learn from them which will help them to keep improving. I think the government will have to evaluate the Bitcoin Visa program and identify why investors are not considering the opportunity. My observation is that the $1millon investment benchmark is too high. Some other countries are offering citizens by investment for as low as $200k. My suggestion is that they should reduce the amount and hopefully, it will become more attractive to investors.

The link you added is not showing the right news. This one is the correct one.

https://news.bitcoin.com/latam-insights-salvadoran-bitcoin-visa-program-fails-brazil-floats-tax-on-stablecoin-remittances/