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A comment on El Salvador to adopt Bitcoin as legal tender. Parent comment

Re:El Salvador to adopt Bitcoin as legal tender by mambru on Sunday June 06, 2021 @12:43PM (#27414333)
Why are remittances so expensive if this is so simple? Maybe you are missing something here?

The function of lightning and the Bitcoin base layer is settlement and clearing, those 2 things are non-trivial.

Then there is also the legal aspect, which cannot be detached from those.

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Re:El Salvador to adopt Bitcoin as legal tender by arcticbull on Sunday June 06, 2021 @03:07PM (#27415450)
Generally the answer is regulation. So I suspect that is quite likely the answer here. Although since they are an MSB in at least the US they answer could just as easily be crypto fever.

For a centralized entity settlement and clearing aren’t hard. You have a money pile and a debt facility in both countries, then you wire money to net settle once in a while.

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