[throwaway20875]

Bitcoin isn't the lone currency in the country and the dollar is still widely used there. Expect more of this as the president of El Salvador has invited the ire of the US government by exposing the US's involvement in corruption in his country: https://twitter.com/nayibbukele/status/1469045510442864642

The media is about to go full court press on this guy, BTC is just one angle they'll use.

[lalaland1125]

This is pure deflection. The use of BTC in El Salvador is a joke. Comments about whatever US corruption don't change that.

[el-salvador]

Many large retailers are accepting Bitcoin here in El Salvador using the Lightning Network or Chivo.

What I've seen is that those who recently bought Bitcoin, didn't want to spend their Bitcoin if they had USD.

At least last month, when Bitcoin price was going up, they preferred to spend USD instead of Bitcoin.

[tata71]

Ding ding ding.

Can't believe this is the issue that shows me the HN bubble I've heard so much about, but seemed impossible

[tata71]

So is Bank of America misinformed, or are you?

"El Salvador’s Bitcoin experiment has been a relative success to date – the country became the first in the world to adopt Bitcoin as legal tender; a larger proportion of the population has a Chivo digital asset wallet than a bank account"

[jessaustin]

Those who control the output of popular media firms are suddenly really nervous about Latin America in general. The right-wing coups in Bolivia and Brazil have failed, the ones planned in Venezuela never got off the ground, NED electoral interference in recent elections throughout the region didn't work, OAS is replaced by CELAC, the Chinese are preparing to dig an "inter-ocean canal" through Nicaragua, etc. Billionaires are nervous, so turn up the skepticism on anything produced by billionaire mouthpieces.