[Cyclone_]

I know you have the option to convert to USD, but haven't seen yet if there would be any fee to doing so. Also, it might be difficult to get every merchant in the country to be able to accept bitcoin. The other thought I had was if they would start accepting other crypto as well if this works out.

[enigami]

Agree and somehow if the Government could abstract away all the complexities involved with Storing Bitcoin, Private Keys Management, Fees and Coversion this would be a major step forward

[Hamuko]

>Also, it might be difficult to get every merchant in the country to be able to accept bitcoin.

How's the Internet infrastructure in El Salvador?

[el-salvador]

* US $30 a month for 20/30Mbps in cities.

* Wireless data can be spotty in rural areas due to many hills and mountains. We would need an MVNO for rural areas coverage, as it wouldn't be cost effective for the four mobile networks to place a tower in every rural corner.

* Wireless coverage in cities was limited/overloaded for about 5 years due to lack of new frequencies. This was a regulatory issue fixed about 2 years ago and wireless service is finally improving

* Some companies stopped providing wired service in rural areas about 15 years ago due to copper theft. Not sure if this has improved

[Hamuko]

Doesn't sound great. I assume that cash is still king, especially in rural areas?

[el-salvador]

The informal system (50% of the workforce) is mostly cash based, while those who have 'formal' jobs get paid in bank accounts which usually include debit cards.

Payment in food stalls and small businnesses is mostly cash.