2min chapter

Crypto Critics' Corner cover image

The El Salvador Volcano Token (feat. Domingo Flores)

Crypto Critics' Corner

CHAPTER

Is There a Cryptocurrency Bank?

El Salvador is dollarized. This is going to affect the ability for people to move money into and out of cryptocurrencies for dollars. I guess who is this mysterious person that has a truckload of cash but no access to banking? It's funny you mentioned that because I just spoke to somebody about how, seemingly, there's no cryptocurrency bank anymore. Perhaps they're right that this is going to be an oversubscribed bond because a lot of cryptocurrency companies and individuals just got unbanked.

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