
Bitcoin in El Salvador for One Year - How's it Going?
The Mark Moss Show
00:00
Bitcoin Is a Big Thing, Right?
In May of this year, almost $100 million were sent via Bitcoin in the eight months following the Bitcoin law. Salvadorans reportedly spend about 400 million per year just on the fees for the remittances. You can basically send Bitcoin instant and near free using the lightning network. If you want to send money back home, about 400 million goes to Western Union.
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