This will be an experiment to watch! The age of digital currency is coming!
"In less than two weeks, El Salvador will become the first country to adopt bitcoin as a national currency [and legal tender]. No one knows what comes next.
The government of the impoverished Central American nation aims to spend up to $75 million as part of a plan to hand out $30 to people who sign up to an e-wallet called Chivo, or “Cool.” That software-based system would allow an estimated 2.5 million Salvadorans to buy goods or pay for services in U.S. dollars or bitcoin, El Salvador’s two official currencies as of Sept 7. ..."
The government of the impoverished Central American nation aims to spend up to $75 million as part of a plan to hand out $30 to people who sign up to an e-wallet called Chivo, or “Cool.” That software-based system would allow an estimated 2.5 million Salvadorans to buy goods or pay for services in U.S. dollars or bitcoin, El Salvador’s two official currencies as of Sept 7. ..."
P.S. I just learnt that a major shopping mall in Arizona hast just removed almost all ATM machines from its premises. Who needs cash anymore?
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