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A comment on El Salvador’s new Bitcoin wallets could cost Western Union $400M a year. Parent comment

Re:El Salvador’s new Bitcoin wallets could cost Western Unio... by el-salvador on Thursday September 09, 2021 @10:21AM (#28469984)
El Salvador's inflation is low compared to other Latin American countries.

https://tradingeconomics.com/country-list/inflation-rate?con...

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Re:El Salvador’s new Bitcoin wallets could cost Western Unio... by betwixthewires on Thursday September 09, 2021 @01:52PM (#28472560)
They're talking about monetary inflation, not price inflation.

El Salvador uses the USD, so if the federal reserve bank of the US prints money it devalues their currency as well. Not a good position to be in as a sovereign nation.

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