Salvadorans show support for bitcoin despite IMF criticism


A vendor hods a sign reading ‘Bitcoin accepted’ at a store in San Salvador. The IMF urged El Salvador to withdraw bitcoin as a legal tender, pointing to ‘great risks associated’ with the use of cryptocurrency, a blow to President Nayib Bukele. — AFP

Karen Hernandez sells mobile phone accessories in El Salvador and says business has been through the roof since the country started using bitcoin as legal tender.

She hopes President Nayib Bukele will ignore calls from the International Monetary Fund to drop use of the cryptocurrency.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

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

    Next In Tech News

    Smartphone on your kid’s Christmas list? How to know when they’re ready.
    A woman's Waymo rolled up with a stunning surprise: A man hiding in the trunk
    A safety report card ranks AI company efforts to protect humanity
    Bitcoin hoarding company Strategy remains in Nasdaq 100
    Opinion: Everyone complains about 'AI slop,' but no one can define it
    Google faces $129 million French asset freeze after Russian ruling, documents show
    Netflix’s $72 billion Warner Bros deal faces skepticism over YouTube rivalry claim
    Pakistan to allow Binance to explore 'tokenisation' of up to $2 billion of assets
    Analysis-Musk's Mars mission adds risk to red-hot SpaceX IPO
    Analysis-Oracle-Broadcom one-two punch hits AI trade, but investor optimism persists

    Others Also Read