El Salvador Testing Bitcoin To Help Its Ecosystem! – Technology



United States:

El Salvador Testing Bitcoin To Help Its Ecosystem!

JustForex


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The New York Times reported that the El Salvador head of the
commerce chamber Jorge Hasbún said that “We all
understand that cryptocurrency is the future, but you can’t
foster it by forcing everyone to use it,…” The October 7,
2021 article entitled “Bitcoin Preaches Financial Liberty. A Strongman Is
Testing That Promis
e” included these comments:

As cryptocurrency enters global finance, an experiment in El
Salvador could offer clues on whether it will bring a more
libertarian economy or greater government control.

The idea stemmed from a social experiment started in 2019 in
the Salvadoran surfing town of El Zonte, where grass roots
activists used a bitcoin donation to create a community network of
cryptocurrency payments.

The project, Bitcoin Beach, overcame the residents’
distrust by integrating the currency into everyday lives, using
bitcoin to reward students for doing homework and to provide
pandemic aid to families.

So keep an eye on Bitcoin and El Salvador to see how this
goes!

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