El Salvador’s Bitcoin Beach embraces a new legal tender, but digital divide makes it hard to ditch US dollar

Source: Tech – South China Morning PostThe El Salvadoran beach town of El Zonte is visibly poor, with dirt roads and a faulty drainage system. But in one way, it’s ahead of the rest of the country: it has bitcoin.The tropical surfing spot’s basic infrastructure offers a glimpse of the potential pitfalls to popularising bitcoin nationally for payments and savings, after Congress last Wednesday adopted the cryptocurrency as legal tender, a world first.Take Zulma Rivas. The 38-year-old mother of three started accepting bitcoin payments…Read More

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