Corinne Nita
Feb 21, 2022

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They aren't using BTC for everyday purchases. The "World's Coolest Dictator," President Bukele asked the World Bank to loan the nation money to develop the infrastructure, but the bank denied the loan.

Most Latin Americans who use BTC, use it to send and receive money. There were huge protests in ES over the lack of access to BTC ATMs, and a lot of areas don't have the greatest or any internet connection so it's just absurd. Maybe in the Gringo BTC tourist traps they use Bitcoin, but they're still using the USD for every day purchases.

There are homes in the US without access and Americans who don't know how to use the internet, but somehow, everyone in ES is using BTC.

Does anyone even know what money is, and of all cryptocurrencies, why the hell would anyone chose to use Bitcoin as a currency?

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Corinne Nita
Corinne Nita

Written by Corinne Nita

We need the social with the science to call it economics.

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