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It’s no secret that El Salvador is making Bitcoin legal tender. News of Bitcoin being accepted as a legal form of payment in this Central American country hit the interwebs like a tsunami; on every major news outlet we’re seeing pictures of Bitcoin ATMs articles about using volcanoes and geothermal energy to mine Bitcoin, and even memes where everyone in El Salvador is driving a Lambo. And hey, the vision of a Bitcoin-friendly South American country seems like a great fit, and we absolutely believe the people of El Salvador will look good in their Sian Roadsters; but how is Bitcoin really going to work as a payment system? Is the Bitcoin lightning network going to cut the tamales? Or do we have some bigger plantains to fry? Today we’re going to discuss how we think payment can happen in El Salvador, and in the other countries that might soon follow in El Salvador’s footsteps.
00:00 Intro
01:14 El Salvador BTC Adoption
02:37 Transactions Solutions
03:39 Strike
05:06 UTrust
06:01 NANO
06:59 XRP
All of our videos are strictly personal opinions. Please make sure to do your own research. Never take one person’s opinion for financial guidance. There are multiple strategies and not all strategies fit all people. Our videos ARE NOT financial advice.
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