MENU

Coins

Exchanges

Bitcoin (BTC)
Bitcoin
$ 72,084.86 2,580.96 (% 3.71)
Ethereum (ETH)
Ethereum
$ 4,038.91 133.93 (% 3.43)
XRP (XRP)
XRP
$ 0.727106 0.113616 (% 18.52)
Binance Coin (BNB)
Binance Coin
$ 519.52 -11.81 (% -2.22)
Tether (USDT)
Tether
$ 1.00 0 (% -0.12)
Litecoin (LTC)
Litecoin
$ 105.01 16.80 (% 19.04)
Cardano (ADA)
Cardano
$ 0.774866 0.057416 (% 8.00)
Bitcoin Cash (BCH)
Bitcoin Cash
$ 443.57 17.63 (% 4.14)
Ethereum Classic (ETC)
Ethereum Classic
$ 37.783474 1.333105 (% 3.66)
Stellar (XLM)
Stellar
$ 0.15958 0.01918 (% 13.66)
Cosmos (ATOM)
Cosmos
$ 13.68 0.54 (% 4.14)
EOS (EOS)
EOS
$ 1.24 0.09 (% 8.19)
TRON
TRON
$ 0.133004 -0.001235 (% -0.92)
Tezos (XTZ)
Tezos
$ 1.508825 0.086660 (% 6.09)
NEO (NEO)
NEO
$ 18.02 1.05 (% 6.18)
Dash (DASH)
Dash
$ 43.44 3.21 (% 7.99)
Holo (HOLO)
Holo
$ 0.003539 0.000008 (% 0.23)
Basic Attention Token (BAT)
Basic Attention Token
$ 0.218578 -0.000524 (% -0.24)

Tensions Grow In El Salvador Over The Bitcoin Gamble

Last update 06.09.2021 10:24

El Salvador will become the first country that adopts Bitcoin as its legal tender in September. However, several warnings are coming from the economist over the risks such a move poses.

Tensions Grow In El Salvador Over The Bitcoin Gamble

According to John Hopkins University findings, paying remittances with Bitcoin will be more costly than the usual traditional method. Also, another survey revealed that almost two-thirds of the El Salvador citizens might not want to receive Bitcoin as a form of payment.

Others Challenges Emerge
The Chainbytes CEO Eric Grill also revealed that relocating his manufacturing base to El Salvador has faced severe problems in sourcing parts. But then experts in geothermal energy in El Salvador say that Bukele’s plans to strengthen energy-intensive Bitcoin mining operations from El Salvador’s volcanoes are highly optimistic.

The country adopted US dollars in 2001. Now, it says that the citizens should exchange it freely with Bitcoin. It also proposed up to a $150 million fund to make sure that it is easily converted. But with all that is going on, critics are saying that the fund is not enough.

 

Source: bitcoinist.com

Related News
Arkansas Bills Reining In Crypto Miners Head For Governor Approval Arkansas Bills Reining In Crypto Miners Head For Governor Approval
Synethix Founder Kain Warwick Targets Mid-May Launch For Infinex DEX Synethix Founder Kain Warwick Targets Mid-May Launch For Infinex DEX
Bitcoin’s Dominance ‘Likely Peaked’ As Altcoins ’Start To Wake Up’ — Analyst Bitcoin’s Dominance ‘Likely Peaked’ As Altcoins ’Start To Wake Up’ — Analyst
Crypto Firms Among ‘Greatest Risks’ For Money Laundering In 2022-2023 Crypto Firms Among ‘Greatest Risks’ For Money Laundering In 2022-2023
DeFi Lending Giant Aave Unveils V4 Protocol Overhaul DeFi Lending Giant Aave Unveils V4 Protocol Overhaul
Former Ethereum Dev Virgil Griffith Asks For Resentencing In North Korea Case Former Ethereum Dev Virgil Griffith Asks For Resentencing In North Korea Case
Gary Gensler’s Resignation ‘Troll’ Post Disappoints Crypto X Gary Gensler’s Resignation ‘Troll’ Post Disappoints Crypto X
Ernst & Young Taps ZK-Proofs On Ethereum To Automate Contracts Ernst & Young Taps ZK-Proofs On Ethereum To Automate Contracts
Binance Opts For USDC Reserves While It Seeks India Return And Dubai Entry Binance Opts For USDC Reserves While It Seeks India Return And Dubai Entry
Worldcoin Introduces World Chain Layer-2 Amidst Regulatory Spotlight Worldcoin Introduces World Chain Layer-2 Amidst Regulatory Spotlight
All Data
Coin Change(%) Price Volume (24h)
Bitcoin (BTC) 3.71 $72,084.86 $45.5B
Ethereum (ETH) 3.43 $4,038.91 $20.8B
XRP (XRP) 18.52 $0.727106 $4.4B
Solana (SOL) 1.58 $147.242060 $3.8B
Binance Coin (BNB) -2.22 $519.52 $3.0B
USD Coin (USDC) 0.03 $0.999697 $2.4B
Dogecoin (DOGE) 0.96 $0.174374 $2.1B
Shiba Inu (SHIB) -2.92 $0.000033 $1.7B
Floki Inu (FLOKI) -7.67 $0.000267 $1.3B
Avalanche (AVAX) 13.16 $47.596296 $1.2B
All Data