El Salvador Bitcoin (BTC) Reserve had a limited impact on the larger population, and the country’s loan agreement with the International Monetary Fund (IMF) could also complicate its Bitcoin strategy, according to Quentin Ehrenmann, Managing Director of my first Bitcoin, a non -governmental organization (NGO) focused on the adoption of Bitcoin.
Ehrenmann said Reuters that Repeal laws on legal bitcoin Under the IMF agreement, created a void in the public education of the BTC or the adoption initiatives led by the State. In a translated statement, he told The News Outlet:
“Since the government concluded this contract with the IMF, Bitcoin is no longer legal, and we have not seen any other effort to educate people. The government, apparently, continues to accumulate Bitcoin, which is beneficial for the government – is not directly good for people. ”
The country of Central America also agreed not to buy a new BTC under the agreement, a detail that was confirmed In a recent IMF report, which contradicts the complaints of the Bitcoin office of El Salvador that the country accumulates BTC daily.
El Salvador Legislative Assembly Withdraw the participation of the public sector in Bitcoin In January, to remain in accordance with the IMF loan agreement, provoking a debate on the end of the country’s bitcoin experience.
In relation: El Salvador has not bought Bitcoin since his loan signature, said the IMF says
Cointelegraph obtains the Salvadoran scoop
Cointelegraph visit El Salvador in 2023 to obtain the SCOOP on how small businesses and everyday salvadoran used Bitcoin.
Joe Hall used Bitcoin to pay for his hostel stay using IBEX PAY, a payment company facilitating BTC payments to merchants Bitcoin Lightning Network.
https://www.youtube.com/watch?v=6te6j20-xey
The Lightning network is used to send Bitcoin almost instantly and is more suitable for small purchases every day, such as a cup of coffee or a meal in a restaurant.
“It is faster than the credit card,” the inn employee said by accepting the payment of Bitcoin Lightning to the journalist.
Despite this, the lack of education remained an obstacle to the generalized adoption of Bitcoin in Salvador, according to the journalist, who had to show the home of the home of how to accept payment on the Lightning network.
Review: What it is really to use Bitcoin at Salvador El
Peter Thiel and other technological billionaires have identified a major market opportunity in the vacuum left by the collapse of… The main dishes to remember: Bitcoin has formed a downward engulfing candle, indicating a potential short -term exhaustion. The minors’… Digital Bank Revolut’s Crypto Stoking Services is once again available for its customers in Hungary after stopping for a few…Related Posts
Peter Thiel plots Erebor Bank to replace the Silicon Valley Bank for startups, Crypto
Bitcoin shows a lower motif but the bulls work in less than $ 120,000
Revolut makes the mark of the cryptography available in Hungary after restricting the services