El salvador is a beach town on the pacific coast of Chile. It's known as biccoin beach internationally, and has seen huge interest in bitcoin. A few years ago an evangelical surfer from the United States moved down there to start up a circular economy around pick coin. Leo spent months following el salvador's big bicoin experiment with his colleague, anna cat bridgeta,. We asked him to tell us where it began.
By making bitcoin a national currency, El Salvador tried to transform its economy. Rest of World’s Leo Schwartz explains why the bet hasn’t yet paid off.
This episode was produced by Will Reid, edited by Matt Collette, engineered by Paul Mounsey, fact-checked by Laura Bullard, and hosted by Sean Rameswaram.
Transcript at vox.com/todayexplained
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