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A comment on El Salvador's crypto experiment ends in failure. Parent comment

Re:El Salvador's crypto experiment ends in failure by quesera on Monday March 10, 2025 @12:13PM (#43322105)
> If they're being forced to do something, that suggests someone doesn't believe they would do it voluntarily

But wait. US retail shops are not forced to accept USD.

They can, if they choose, accept payment only in smiles. Or CAD, or good vibes.

(Taxes, however, must be paid in USD).

In practice, US retail wants USD, for obvious reasons. There are no viable widespread alternatives (but there are countless insignificant local currencies!).

[ Parent | on HN ]
Re:El Salvador's crypto experiment ends in failure by Ferret7446 on Tuesday March 11, 2025 @01:32AM (#43329435)
It's funny that you mention it, because quite a few digital storefronts accept crypto. Particularly, the ones that have been censured by the financial oligarchies (Visa, Mastercard et al)
[ Parent | on HN ]