El Salvador President: Bitcoin has not yet achieved the widespread adoption we hoped for
2024-08-30 03:57
Odaily News In an interview with Time magazine, when asked whether Bitcoin monetization has been "successful", Salvadoran President Nayib Bukele said, "Bitcoin has not yet achieved the widespread adoption we expected. Many Salvadorans use it, and most large businesses in El Salvador accept it. You can pay with Bitcoin at McDonald's, supermarkets or hotels. But it has not achieved the level of adoption we expected. The positive side is that it is voluntary; we have never forced anyone to adopt it. We have made it an option, and those who have chosen to use it have benefited from the rise of Bitcoin." Nayib Bukele pointed out that despite the limited application of Bitcoin in the country, it has enhanced El Salvador's "brand", attracted foreign investment, and promoted the development of tourism. Several Bitcoin companies have offices or headquarters in the country. (theblock)
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