The title of the BTC industry report describes Bitcoin as a "peer-to-peer electronic cash system software". So, in the first country to choose Bitcoin, how was Bitcoin used as a form of swap or electronic cash?
Journalist Joe Hall spent several weeks in El Salvador, trying to make a living on bitcoin and bitcoin alone. In a video on Cointelegraph's YouTube channel, he shows its trials, hardships, success and mediocrity (the smallest total number of bitcoins):
Jinri Toutiao, which comes from the password world of El Salvador, is basically proactive. In addition, statistics from El Salvador are very proactive; tourism development has increased by 30 per cent, El Salvador's crime and homicide rates have dropped significantly, and new Bitcoin debt projects are under way in 2023.
Even so, while Bitcoin is undoubtedly one of the world's well-known brands and a promotional tool that attracts bitcoin fanatics around the world, its use as a form of swap is often suspected. As Hall put it, in El Salvador, the situation is no different.
Some businessmen in El Salvador are ambitious; others can also pay his first bitcoin through Hall, who are keen to ask questions and learn more.
Hall was surprised, depressed, entertained and satisfied with his research in the country. Choosing a technology as novel and misunderstood as Bitcoin is a daunting task, but Salvadorans are most likely trapped in the application of new technologies.
Retailers such as Wal-Mart can pay with bitcoin-but the process is slow and inconvenient-while companies such as Texaco never allow bitcoin. At KFC, the experience is smooth and convenient; it may need to be faster than KFC's chain of stores that accept bitcoin in Switzerland.
From the Bitcoin selection Conference-the Thunder Conference held in San Salvador, which brings together Bitcoin foreign investors from all over the country-to Bitcoin beaches and swimming cities, to the shores of Santa Ana's active volcano, and from the streets of San Salvador, Hall mingled with locals to better understand Bitcoin as a form of exchange.
Hall attended the "my first Bitcoin" cultural and educational graduation party at a school in El Pacheco. Founder Robert Danei recently gave an interview to Cointelegraph. Dennehy described the agency's plan to save bitcoin teaching in El Salvador by teaching young children how to use bitcoin.
In fact, in a recent interview at the school, graduate Hall understood the principle of Bitcoin and expressed their belief that Bitcoin represents hope for the future. Watch the video to learn more about the information.
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Tue, 18 Apr 2023