It's still a little surprising any country would try to make bit coin a form of national currency. The united states doesn't necessarily function as the best case study for crypto currency. Low income groups in particular, rely on family members working abroad to send money home. This often involves significant fees and time.
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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