One month on, El Salvador's bitcoin use grows but headaches persist
Information about One month on, El Salvador's bitcoin use grows but headaches persist
Kevin David Scam or Legit
By Wilfredo Pineda and Nelson Renteria
EL ZONTE, El Salvador (Reuters) – A growing number of El Salvadorans have experimented with bitcoin since the country became the first to adopt it as legal tender last month, with a couple of million dollars sent daily by migrants using the cryptocurrency.
But only a fraction of the Central American nation’s businesses have taken a bitcoin payment and technical problems have plagued the government’s cryptocurrency app, frustrating even committed users of the technology.
Construction worker Adalberto Galvez, 32, said he had lost $220 when trying to withdraw cash from the Chivo digital wallet.
Like Galvez, dozens of Salvadorans told Reuters they had at least one problem with Chivo, named after the local word for “good”, and few had used it on …