A sign promoting bitcoin transactions is seen in the beach town of El Zonte in El Salvador. Photo: Marvin RECINOS / AFPIn a surf town in El Salvador nicknamed"Bitcoin Beach," shopkeeper Maria Aguirre watched with delight as the cryptocurrency -- and her investment in it -- recently soared to new all-time highs.
The cryptocurrency has been legal tender since 2021 in the Central American nation, and a sign in Aguirre's store selling Shopkeeper Blanca Castillo says that while bitcoin has brought her benefits, she is wary of the cryptocurrency's volatility. Photo: Marvin RECINOS / AFPcontinue to use more traditional methods of sending and that has a lot to do with people's distrust of the volatility of the cryptocurrency," independent economist Cesar Villalona told AFP.
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