Bitcoin has unleashed a wave of speculation and increase popularity!

Key takeaways from this Bloomberg article about crypto in El Salvador:

Chivo wallet makes it easy to switch between crypto and dollars.

Chivo can be faster than cash or credit cards.

More than 2 million people in the country of 6.5 million are users of Chivo.

Many large chains such as Starbucks, McDonald’s, supermarkets, and some smaller businesses are accepting the digital currency for purchases.

Bitcoin has unleashed a wave of speculation.

Cryptocurrency tradings are becoming much more popular in El Salvador.

Successful rollout produces tangible benefits for the impoverished Central American economy.

Remittances account for over 20% of the nation's GDP. Reduction in remittance fees is one of the main benefits.

Salvadorians utilizing Bitcoin alongside the U.S. dollar could convince other countries to give cryptocurrency a try too.

An El Salvadorian’s father’s advice: “We got used to using plastic, and now we need to start using crypto. The world has to evolve.”

There are criticisms about using crypto as noted in the article which you can read from the link below.

Bitcoin Launch Sparks Wave of Crypto Speculation in El Salvador - Bloomberg

submitted by /u/Progress_8
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What's stopping a bank to print itself out of oblivion to buy BTC?

If Argentina's currency is already worth jack shit, is it possible for them to print 1,000,000,000,000,000,000 digitally to buy BTC?

Like you're trading nothing for something.

Is it because the exchanges/otc won't accept it currently?

I think once a currency loses its trust, you can only rely on bitcoin to hold value.

USD had high trust because it was once backed by gold, but is losing trust because of printing and fractional reserve banking. Unverified amount in existence.

Once bitcoin becomes mainstream, how can China not accept BTC? Would you trust their currency over BTC?

submitted by /u/nyess
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What a legend.

I don't think I need to say anything but just read for yourself, he even deleted his account haha i dont blame him... He knew his shit and believed in it https://www.reddit.com/r/Bitcoin/comments/22qc1d/as_someone_who_has_invested_140k_into_bitcoin_i/

submitted by /u/trannygranny17
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Bitcoin jumps to start October and analysts see strong fourth-quarter ahead for crypto

submitted by /u/Major_Bandicoot_3239 [link] [comments]

[Adoption] Walk-in Cryptocurrency Exchanges Emerge Amid Bitcoin Boom

submitted by /u/mujshanan92 [link] [comments]

Yes, it's official. We now support Smart BCH. Swaps are not yet liquid. After some more testing that should be coming next week.

submitted by /u/i_have_chosen_a_name [link] [comments]

source https://www.reddit.com/r/btc/comments/q026w4/yes_its_official_we_now_support_smart_bch_swaps/

Offering a small amount in BCH for those that would like to post an inquiry on Bitfortip and don't have any funds. 5 spots available.

Hi all, If anyone is interested, please feel free to send me a PM with the following details:

• Your username on the platform
• What you would like to post

Some use case examples to offer Bitcoin Cash as an incentive:

• Identify a fashion item that you saw somewhere. (With your smartphone you can easily take a picture and upload it directly with a BCH reward)
• Find a better price deal an an item/service.
• Find a specific link/video/image.
• Help on a coding issue.

Funds are held in escrow and once you mark an answer as correct they are credited to the person that gave you the tip that you were looking for.

Platform link

submitted by /u/terminator57
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source https://www.reddit.com/r/btc/comments/q02ve4/offering_a_small_amount_in_bch_for_those_that/