Re:Argentina raises interest rate to 97% as it struggles to ...
by ChuckNorris89 on Tuesday May 16, 2023 @08:08AM
(#35960686)
How many Argentinian supermarkets use Bitcoin Lighting network for payment processing?
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Re:Argentina raises interest rate to 97% as it struggles to ...
by ValleyOfTheMtns on Tuesday May 16, 2023 @08:59AM
(#35961257)
Very few: https://btcmap.org/map#4/-36.84446/-66.35742
But that’s not really the point though, is it?
As the earlier poster from Argentina said, pesos are used for the “last mile”. Whoever you’re trading sats for pesos with are likely to be familiar with Lightning and willing to do the trade with it because it’s fast and cheap.
As for the issue of broader adoption, that’s just a matter of education, trust, time, and the right incentives to make the switch in a hyperinflationary environment…