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Re:El Salvador's Bitcoin use grows but headaches persist by rcohngru on Thursday October 07, 2021 @05:17PM (#28792224)
From what I have read, this is actually not the case. Remittances account for 1/5 of El Salvador's GDP, which is one of the highest ratios in the world. The companies that facilitate these remittances often charge pretty high fees, so the idea behind using bitcoin is to increase the amount of money that makes it home to El Salvador by reducing the cost incurred from transfer fees.

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