Bitcoin accepted everywhere in El Salvador
The citizens of El Salvador came to know Bitcoin (BTC) as their new legal cryptocurrency – and started buying everything from Big Macs to freshly brewed coffee over the Lightning Network.
Bitcoin is currently accepted everywhere in El Salvador.
Bitcoin is accepted everywhere in El Salvador.
Bitcoin accepted everywhere in El Salvador – Starbucks, McDonald’s
The government-issued cryptocurrency wallet Chivo overcame many beginner problems in the app stores and marketplaces to climb to the top of the Apple Store financial app download list – a fact immediately confirmed by President Nayib Bukele of Salvador.
From El Salvador, Mario Aguiluz, Vice President of Sales at IBEX Mercado brokerage in Guatemala, shared a video of him buying a Starbucks latte for BTC in a transaction that took just minutes. Approve with his cell phone and the bartender.
He commented that “El Salvador today is like a scavenger hunt to find out who else accepts Bitcoin.”
The list of Bitcoin deals includes Pizza Hut; Bart Mol, founder and host of the Satoshi Radio Podcast tweeted some of his adventures on Bitcoin Day in El Salvador, including a “completely unattended” transaction at the restaurant “with our own.” Knots in the Netherlands “for a price of” 26 Sats. “
Other international reporters also noted that they were successful in their Bitcoin spending efforts.
Notable BTC proponents have expressed their support, with Michael Saylor, CEO of BTC-interested MicroStrategy, describing Bitcoin on the Lightning Network as “money that is indestructible and moves at the speed of light.”
Edward Snowden, who resembles Saylor, has also shared videos of major brands accepting BTC payments in San Salvador:
“There is now pressure on competing countries to buy Bitcoin – even as a reserve currency – as its design encourages early adoption. Those who come later may regret the hesitation. “
Winner Jack Mallers, CEO of Strike, the company that worked with Bukele on its Lightning journey, also provided video evidence that a “friend” converted BTC into cash in an ATM.
Bitcoin is accepted everywhere in El Salvador – domestic companies.
In the meantime, domestic companies have also been active, hoping to ensure they aren’t pushed out of crypto-commerce parties by big global brands like Starbucks and Pizza Hut.
Many local businesses have stated on social media that they accept BTC too – from “gourmet cafes” and recording studios to fashion brands for women and telecommunications service providers. Even dry cleaners and dentists are involved.
Bitcoin is accepted everywhere in El Salvador – mixed reactions.
But there is also no lack of counter-reactions. El Diario de Hoy reports that “hundreds” of Salvadorans took to the streets in a “massive” protest against the new law that made BTC legal tender yesterday at midnight.
The same media outlets have highlighted potential privacy concerns with government software. It should be noted that the Chivo app requires users to grant it access to the microphone, camera, and storage, and contacts.
The newspaper quoted a computer scientist as saying:
“There are other digital wallets that don’t need or need this type of information. It is not necessary.”
A local software developer says this is an example of “terrible privacy and privacy practices.”
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