One month on, El Salvador's bitcoin use grows but headaches persist


FILE PHOTO: A woman vends by a sign that reads, "Bitcoin accepted here", outside a store where the cryptocurrency is accepted as a payment method in San Salvador, El Salvador September 24, 2021. REUTERS/Jose Cabezas

EL ZONTE, El Salvador (Reuters) - A growing number of El Salvadorans have experimented with bitcoin since the country became the first to adopt it as legal tender last month, with a couple of million dollars sent daily by migrants using the cryptocurrency.

But only a fraction of the Central American nation's businesses have taken a bitcoin payment and technical problems have plagued the government's cryptocurrency app, frustrating even committed users of the technology.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Others Also Read