Re:El Salvador adopts Bitcoin as official currency, first co...
by JumpCrisscross on Tuesday September 07, 2021 @02:13PM
(#28447951)
> fees for remitance make up for a large portion of the el salvadors GDP
Average remittance costs for El Salvador are between 1.67% and 4.33%, with the average being 2.85% [1]. Meanwhile, the two Bitcoin ATMs in the country charged a 5% fee.
Average remittance costs for El Salvador are between 1.67% and 4.33%, with the average being 2.85% [1]. Meanwhile, the two Bitcoin ATMs in the country charged a 5% fee.
[1] https://sites.krieger.jhu.edu/iae/files/2021/06/Bukeles-Bitc...