I went all over El Salvador. Not that many businesses accept bitcoin. Probably about 3/10 that I asked. Supposedly more people accepted it when the price was skyrocketing to 70k but lots stopped when the price crashed. Most people don't understand it. Some who use it don't understand self-custody.
pull down to refresh
21 sats \ 1 reply \ @Xclu OP 5 Dec 2023
And whenever a business did accept it they seemed amazed that someone was trying to pay in bitcoin as if they forgot it even existed.
reply
0 sats \ 0 replies \ @Zepasta 5 Dec 2023
Lmao
reply
0 sats \ 1 reply \ @cryotosensei 5 Dec 2023
Thanks for sharing. Your title caught my attention. For the instances where you successfully used sats to pay, did the locals appear happy to receive them?
reply
0 sats \ 0 replies \ @Xclu OP 5 Dec 2023
Indifferent towards what type of payment but happy to receive business. Everyone of all ages is out hustling trying to make a buck.
reply
0 sats \ 0 replies \ @BitcoinIsTheFuture 5 Dec 2023
Thanks! I really appreciate you posting this as it was my point about Bitcoin adoption in El Salvador and further around the world . What you shared is true adoption! Who cares if Bukele bought the dip.
reply
0 sats \ 2 replies \ @958e660937 5 Dec 2023
hey mate, what is all over? El zonte, el tunco, San salvador, San Ana, San francisco, san miguel etc? 10 days is not big enough sample out of 365 days in year to draw conclusion on something still appreciate u sharing. did u pay for hotel and vbro in lightning or dollars, what exchange rate you got if you did and how inflationary is food, rent, transportation, medicine, healthcare relative to where you're from? do you think most people haven't experienced enough hyperinflation like in lebanon, zimbabwe, turkey and argentina? what do you think the beliefs and attitude for not accepting btc, anything you gleaned was their reasoning, imo i think its still way to early, a huge leap from fiat paper to digital global money system. appreciate your expeiriences, congrats to your tryng!
reply
0 sats \ 1 reply \ @Xclu OP 5 Dec 2023
deleted by author
reply
0 sats \ 0 replies \ @Xclu OP 5 Dec 2023
San Luis Talpa, zacatecaluca, San Miguel, LA libertard, el zonte, el tunco playa, suchitoto, lake coatepeque, lake ilopango, boqueron, Santa ana, cerra Verde national park, San Salvador, maybe other places I'm forgetting. I travelled alone and did a speed run, yet thorough. That covers areas in the west, east, south and north. Safe to say that's a good enough sampling to represent the entire country. Especially considering its safe to assume the smaller the city the less chance there will be bitcoin businesses. They are using the dollar so it is relatively stable. Really no need for bitcoin right now IMO. Plus it makes no sense to accept payment for services in a temporarily (although it hasn't been lately) depreciating asset if you don't have enough cash flow to support operation costs. Some people are even skeptical of president nayib bukele and don't like him 100%. They had family locked up in the round ups they insist are innocent and think bitcoin could just be for global PR. Despite all this I am optimistic they will come around to it, don't get me wrong.
reply