El Salvador citizens mostly avoid bitcoin, despite government adoption
Marketplace All-in-One
English - July 26, 2022 09:31 - 6 minutes - 11.8 MB - ★★★★★ - 1.2K ratingsBusiness Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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In September, El Salvador recognized the cryptocurrency bitcoin as legal tender. The program, spearheaded by President Nayib Bukele, means that government institutions and businesses can recognize it as a lawful payment method. Since then, the value of bitcoin has dropped by more than half. So how is this nation’s bet impacting Salvadorans today? Marketplace’s Andy Uhler speaks with Jacob Silverman, a freelance journalist who’s been covering the crypto space. He traveled to El Salvador with his reporting partner, actor Ben McKenzie, and spoke about their feature story, recently published in The Intercept.