Re:Ask HN: Why does cryptocurrency subjects on HN lack curio...
by seanmcdirmid on Sunday November 21, 2021 @09:48AM
(#29296508)
Isn’t El Salvador completely dollarized? It wouldn’t be surprising if most landlords still demanded rent paid in dollars rather than bitcoin (a difference in “the” national currency vs “a” national currency).
Re:Ask HN: Why does cryptocurrency subjects on HN lack curio...
by pcthrowaway on Sunday November 21, 2021 @01:05PM
(#29298262)
It's illegal to conduct business and not accept bitcoin in El Salvador.. it's the national currency now. I don't know for certain if this applies to landlords however.
Re:Ask HN: Why does cryptocurrency subjects on HN lack curio...
by seanmcdirmid on Sunday November 21, 2021 @02:41PM
(#29299030)
Legal and enforced are also different things (especially when an autocrat is in charge). There are articles on how many poor people lack internet and are completely unbanked. That it is extremely unpopular in El Salvador. https://www.fool.com/the-ascent/amp/cryptocurrency/articles/...
Although, to be fair, I did pay a security deposit in bitcoin 6 years ago.
Actually, in El Salvador, Bitcoin is now the national currency, so I suspect a lot of people are paying their rent in bitcoin