Chibo is a new digital currency system being trialled in Brazil. The government has given out 30 dollars to people who sign up for the wallet. But it's not clear how much of the country is actually using chivo bicoin. A survey found that 86% of businesses have never done a transaction of bikcoin.
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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