SAN SALVADOR : In the main handicraft market of El Salvador's capital, traders complain that with a week to go before bitcoin becomes legal tender, no officials have come to explain how it will work or what benefits it may bring.
At"Excuartel," a popular tourist draw, President Nayib Bukele's government has installed one of the 200 ATMs of its Chivo digital wallet that will allow the cryptocurrency to be converted into dollars and withdrawn without commission. "Bukele, understand - in El Salvador we don't want bitcoin," said a placard carried by one protestor.
More than 2.5 million Salvadorans live abroad - the vast majority in the United States - and in 2020 they sent back almost US$6 billion, equivalent to 23per cent of the country's gross domestic product.
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