Source: Global Times
[Global Times correspondent in Spain Chen Xiaohang Zhen Xiang] The Central American country of El Salvador just became the first country in the world to use bitcoin as legal tender last week. On the 15th of this month, coinciding with El Salvador's Independence Day, thousands of demonstrators poured into the streets of the capital San Salvador to protest President Bukele's authoritarian push for Bitcoin as the country's legal tender.
Salvadoran protesters
According to the BBC reported on the 16th, the "anti-bitcoin" protests have appeared in Sarva since July, and the demonstrations on Independence Day have pushed the protests to a climax. During the parade, someone smashed the street glass and burned a brand new Bitcoin ATM machine on the spot. El Salvador's "Today" reported that many demonstrators said in interviews that using bitcoin as an official currency will seriously damage the "private pockets" of El Salvador's national economy and people, and many people are afraid of losing savings or pensions, believing that the use of bitcoin is a "gambling" behavior. Previously, El Salvador's fiat currency was the U.S. dollar, and President Buke said that joining Bitcoin as legal tender helped save Salvadorans working abroad on the cost of sending money domestically. According to the Spanish newspaper Abezai, El Salvador has one of the lowest internet connection rates in Latin America and the Caribbean, lacks the basic conditions for the use of electronic money, and citizens often encounter server crashes or e-wallet failures when using Bitcoin to pay.
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