Bitcoin as a means of payment: In El Salvador, many are still skeptical

Bitcoin as a means of payment: In El Salvador, many are still skeptical (video)

Since this week you can officially pay with Bitcoin in El Salvador. The Central American country is the first to introduce digital currency as legal tender. However, many citizens are still struggling with the new currency. The digital payment for milk, eggs, beer or cigarettes was still jerky in many places. “The payment platform sometimes doesn’t work, it crashes and you can’t upload anything.” “It’s like when they introduced the US dollar as a means of payment. People were confused. At first it wasn’t accepted. But over time, look how it is today. It’s the same with Bitcoin. We will have to get used to it. ” “When we still had our old currency, the colon, everything was cheaper. When the US dollar was introduced, it was strange. The exchange rate was 8.75 to the colon. I had to get used to that. I couldn’t even read or write. It took a while. And now, how can I do that without a phone? What should I do with the phone? I’m going to starve. ” In addition to technical problems, many in El Salvador also worry about the strong fluctuations in value to which Bitcoins are exposed. Larger companies have fewer problems. At McDonalds El Salvador, for example, they want to completely open Bitcoin payment for all customers from Saturday. So far, the payment and billing have worked without any problems, said a branch manager.

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