A couple of not so positive articles on the El Salvador experience so far. From Nanalyze, who aren't the world's biggest crypto bulls: https://www.nanalyze.com/2021/09/real-story-bitcoin-el-salvador/ And Steve Hanke who wants the world to return to a Bretton Woods system: https://sites.krieger.jhu.edu/iae/files/2021/06/Bukeles-Bitcoin-Blunder-Final.pdf
Probably didn’t use it. The wallets they used either didn’t work or were likely on the BTC network. I’d say they were using merchant payment systems set up by payment providers, the Nanalyze article said they were trying to use the coin base exchange to send BTC. You’d need both sender and receiver to be using lightning wallets wouldn’t you?
the point is they dont need to be aware they are even using it https://www.coindesk.com/tech/2021/...t-app-in-el-salvador-full-eu-support-is-next/ something about big multinationals not happy https://www.cnbc.com/2021/09/09/el-...ld-cost-western-union-400-million-a-year.html
It’s a trust issue for them. They don’t trust their local currency, they don’t trust BTC, they only trust greenbacks. Volatility is the killer. Strike didn’t work apparently.
Another shithole banana republic is considering adopting bitcoin as its official currency. https://www.zerohedge.com/crypto/zimbabwe-govt-considers-adopting-bitcoin-legal-tender The nation’s government is actively consulting with the private sector on the merits of Bitcoin and crypto. Why don't the dictatorial fuckwit corrupt government consult with the long-suffering populace about ending the tyranny and corruption of the Marxist ruling class and about returning the country to its former prosperity as the food basket of Africa!
