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Salvadorans are now selling ‘way more’ US dollars to buy Bitcoin

Salvadorans are now selling ‘way more’ US dollars to buy Bitcoin



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21 Comments

  1. If this pace continues, just in recouped fees for these remittances, El Salvador stands to increase their gdp by 2%.

    Let that sink in.

    Imagine if you’re a neighboring developing nation, watching this.

  2. It’s nice to see them both changing their minds and doing well- I recall a lot of protests with some very valid concerns but mostly a lot of FUD in the mainstream news and on here. Generally speaking it seems to have been a large success.

  3. tldr; El Salvador’s in-house wallet service, Chivo, has recorded 24,076 remittance requests, adding up to $3,069,761.05 in one day. The increase in dollar-to-Bitcoin conversions within the jurisdiction reflects a change in investor sentiment. El Salvador has installed over 200 Bitcoin ATMs, making it the third-largest network of crypto ATMs in the world.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  4. When BTC was crashing everyone was calling Bukele a dictator.

    Now that BTC is mooning the FOMO is setting in.

    NGU technology just scratches that most primal human instinct. **Greed**

  5. Anyone know how volatility in BTC will affect average El Salvadorans using it as currency? Like is it irresponsible to make a whole country’s wealth so uncertain and reliant on the actions of whales?

What do you think?

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