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What is the situation of Bitcoin as a legal tender in El Salvador? (From a Salvadoran) - Hi guys,


I am quite new in this subreddit and I saw everyday people is posting about news from El Salvador.
There are some point that I would like to share from my ... See More perspective.


In El Salvador one of the main problems is that we are very behind in tech in general, the population don't like changes.
Honestly the BTC as a legal tender have not been successful as it was expected, for many reasons, I will do a list here:
1. Average Salvadoran earn USD 400 per month: This is one problem since make people only believe in cash, there is a huge percentage of the population that dont even have bank account, therefore for them use "Chivo Wallet" (The wallet founded by the government)


2. "Chivo Wallet ATM" at the very beginning didnt have cash, so the people lost the trust they had, since there was always a sense of risk (don't be able to cash out the balance in "Chivo Wallet")


3. The population didnt have time to study, and also no one teach how crypto (or at least BTC) works.


4. The population in general start to panic after the bull run, since the government purchase very high, and started to decrease the valu day by day (Saying this at the beggining the government gave away for each user $30, therefore the people were tracking everyday their wallet and saw one of the risks of crypto (Volatile) within the first months.

​

5. In El Salvador most of business are not accepting BTC anymore, only a couple located in Bitcoin Beach (El Zonte)


6. Recently there are some news about the government teaching kids about BTC, this is a pilot plan, only 2 schools are running the program right now, and it was in rural areas, there are complains from parents, since in rural areas people is agains anything that is not cash.


Of course there is many people in the crypto community in El Salvador, but usually in the crypto events there are only a few salvadoran, most of people that attend to these events are foreigners. Most of people feel it is only for the "elite"

I hope this give you an insight of what we are living right now in El Salvador.
If you have other questions about what is the "real life" in El Salvador, please feel free to ask, I will answer according what I know (No speculation hahahaha)


PS. Sorry for my grammar errors, English is not my first language.

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