El Salvador adopted bitcoin as a national currency, along with US dollar, in early 2022. The government of El Salvador spent $180 million rolling out bitcoin ATMs and an e-wallet (Chivo) with $30 worth of free bitcoin for anyone who signed up. What were early challenges that residents of El Salvador faced and how would you explain their mistrust in bitcoin?

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Residents of El Salvador faced several challenges after the adoption of Bitcoin as a national curren... View the full answer