SLP340 Peter Young - El Salvador On The Ground & Free Private Cities
Stephan Livera Podcast
00:00
Is There a Difference Between Chivo and Bitcoin?
There's not a very deep level of understanding amongst the general population in El Salvador regarding what Bitcoin actually is. And so because the vast majority of transactions are done on Chivo and because this is the government wallet, people are tending to equate Bitcoin and Chivo. "Once you start going down the rabbit hole and really do understand what Bitcoin is, then the story, the potential, the utility to you as a business or an individual becomes pretty apparent," he says.
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