The Bitcoin (BTC) reserve of Al Salvador has a limited impact on the broader population, and the country’s debt agreement with the International Monetary Fund (IMF) has made its bitcoin strategy more complex, according to Quentin Arerenman, the general manager of my first bitcoin, a non-governmental organization (NGO) has been focused on.
Arenman told Roots Under the IMF Agreement, a vacuum has been created in the initiative of public BTC education or state -led adoption due to cancellation of bitcoin legal tender laws. In a translated statement, he told the news outlet:
“Since the government entered the contract with the IMF, bitcoin is no longer a legal tender, and we have not seen any other effort to educate people. The government, apparently, continues to accumulate bitcoins, which is beneficial for the government – it is not good for the people.”
The Central American country agreed not to buy any new BTC under the agreement, a detail that was Confirmed Recently in a report by the IMF, which denied claims by the Bitcoin office of L Salavador that the country is collecting BTC daily.
The Lewador Legislature returned the public sector participation in bitcoin to remain obedient under the loan deal in January, arguing whether the country’s bitcoin exercises ended in failure.
Connected: L Salvador has not bought bitcoin since signing the loan deal, says IMF
Cointelegraph gets scoop from salvadores
Sankati Viewed In 2023, Al Salvador received a scoop to get the scoop how small businesses and everyday Salvadoron were using Bitcoin.
The hall used bitcoin to pay for its hostel stay using a payment company Ibex Pay, a payment company, a payment company that facilitates BTC payment to traders on bitcoin lightening networks.
https://www.youtube.com/watch?v=6te6j20- XEY
Lightning network is used to send bitcoins almost immediately and is more favorable for food everyday, small purchases such as a cup of coffee or a restaurant.
“This is faster than the credit card,” a hostel employee who accepts bitcoin lightening payment.
Despite this, the lack of education remained an obstacle to the wide adoption of bitcoins in Lalvador, according to the reporter, who had to show the hostel clerk to show how to accept payments on the power network.
magazine: It really likes to use bitcoin in Al Salvador
