El Salvador's Experience with Crypto Wallets and Bitcoin ATMs

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This chapter explores El Salvador's initiative of distributing crypto wallets with Bitcoin to its citizens, but highlights how people quickly cashed out the free Bitcoin instead of using it. It also mentions the prevalence of fake Bitcoin ATMs in the country that were rarely used despite being guarded by soldiers.

Remember crypto? Only a year ago, it seemed like the future of finance, but now it's a smoldering crater in the ground. Between large corporations and everyday people that got caught up in the grift, trillions of dollars vanished seemingly overnight. But what was it like in the heart of this surreal, million-dollar-monkey-jpeg storm? Zeke Faux, investigative reporter and author of Number Go Up: Inside Crypto's Wild Rise and Staggering Fall, joins Adam to deliver a captivating and hilarious account of the sharp ascent and rapid collapse of the world of cryptocurrency. Find Zeke's book at factuallypod.com/books

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