 | These pics are from Carl's trip. He didn't tell anyone he was traveling until after he landed in San Salvador. He's a Bitcoin ultra, but no less shares his honest assessment. Bitcoin use in San Salvador (Capital) was hit & miss at local establishments; however, Chivo ATMs are everywhere. Once he traveled outside the Capital and towards the coast, number of Bitcoin-ready vendors grew substantially. Chivo ATMs compatible with all BTC Wallets Locals shared a story w/him. He heard this from 3 independent sources, albeit anecdotal. Shortly after the legal tender law went into effect, San Salvador received an influx of "Chivo Tourists." At least that's what they called them. If you recall, FUD was thick during the first few weeks of Bitcoin's adoption. Evidently, a number of American & European people saw an opportunity. They flew to El Salvador and offered to "help" Salvadorian citizens by relieving them of their Chivo Cards. They paid between 20 and 30 cents on the dollar. Frightened people took the deal. It went on for about a month, according to reports Carl picked up. Also, Salvadorian Trucking companies who haul throughout Central America were being taken advantage of. Costa Rican & Panamanian companies ran an arbitrage scheme by timing swings in BTC prices to correspond with payments due to truckers. I'll post better details soon as I know more. People don't change. Seen at one of the beach cities One of the many developments under construction BTC Self-serve/checkout stations Not a promotional pic; this is the view from his room He's still over there. Says there's more to do, but overall is able to transact in crypto about half the time. So cool to see this being actualized IRL! [link] [comments] |
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