Attention Economy


Wednesday, December 25, 2024

El Salvador's Bitcoin Experiment

El Salvador Made Bitcoin an Official Currency. Now It’s Backtracking for IMF Loan.
https://www.wsj.com/world/americas/el-salvador-made-bitcoin-an-official-currency-now-its-backtracking-for-imf-loan-874c6623
The government of El Salvador’s President Nayib Bukele agreed to scale back his ambitious plan to adopt bitcoin as a national currency in exchange for a much-needed $1.4 billion loan by the International Monetary Fund.
 
A Week of Failing to Pay With Bitcoin in El Salvador
https://reason.com/2024/10/31/a-week-of-failing-to-pay-with-bitcoin-in-el-salvador/
The country claims to be a leader in crypto transactions. But you can't force people to take a currency they don't want.