El Salvador's largest department store is now accepting #Bitcoin. Founded in 1922, they have come so far.
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El Salvador's largest department store is now accepting #Bitcoin. Founded in 1922, they have come so far.
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That's very nice. People in El Salva are already tweeting purchases made with with BTC
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Love this trend. Helps us to visualize what is happening on the ground.
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I would like to know how many people actually use BTC as a payment method after this rolls out. Do you think they will make it public?
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It is going to happen. There is a core group, I am sure, in El Salvador who will utilize it. This will get them talking among their friends.
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One of the good things about all these wallets using Bitcoin is that it is very small amounts. It's one thing when Bitcoin swings 25% and you go from having $20k to $15k. It's a whole different thing when it goes from $30 to $22.50. People won't notice the volatility so much in the smaller denominations so hopefully they'll just buy and sell small amounts and use it whenever they want. Then when it all of a sudden makes a leap from $50k to $100k, they'll all really see the benefits of using Bitcoin in their daily lives.
It's going to be fun watching how this country reacts. It really could be a huge success story if it can pull an entire country out of poverty.
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