El Salvador’s bitcoin gamble draws crypto-tourists but angers locals
The adoption of cryptocurrency as legal tender by El Salvador’s government has attracted enthusiastic tourists, concern from financial institutions and scorn from locals
1 March 2022
“Fifty cents for a pupusa,” says Carolina Reyes, a food vendor in El Palmarcito, El Salvador, as she throws the cornmeal pancakes on the grill. “Bitcoin or cash?”
A growing number of Reyes’s customers are transferring cryptocurrency into her digital wallet rather than handing over bills. “Americans, French, Canadians, they’re all paying in bitcoin for my pupusas,” she says.
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