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) can meet its bitcoin strategy, for Quentin Arenman, the general manager of my first bitcoin, a non-governmental organization (NGO) has been focused on.
Ehrenmann told Reuters that under the IMF agreement, a vacuum has been created in the initiative of public BTC education or state-level adoption by repeating bitcoin legal tender laws. In a translated statement, he told the news outlet:
“Since the government has entered the contract with the IMF, bitcoin is no longer a legal tender, and we have had any other effect to edit people. Storage bitcoins, which is beneficial for the government – it is not a director for people.”
The Central American country also agreed not to purify any new BTC under the agreement, a description that was confirmed in a rented IMF report, which included claims by Al Salvador of Bitcoin Office that the country was depositing the daily BTC.
The Al Salvador MLA withdrew the public sector participation in bitcoin under the IMF loan deal, whether the country’s bitcoin experiment ended the failure.
Connected: L Salvador has not bought bitcoin since signing the loan deal, says IMF
Cointelegraph gets scoop from salvadores
Cointelegraph visited Al Salvador in 2023, using SMAL businesses and everyday salvadorons 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 networks are used to send bitcoins almost immediately and are more favorable for everything, such as small purchases such as a cup of coffee or food in 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 reporter to widely adopt bitcoins in Al Salvador, who had to show the hostel clerk how to pay on the power network.
magazine: Really likes to use bitcoin in Al Salvador
