El Salvador’s Transition To Bitcoin Comes With Major Risks To Its People

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El Salvador’s Transition To Bitcoin Comes With Major Risks To Its People
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Salvadorians are going to have to live with the real consequences of this move, which will impact not only people in the country, but also their families across the globe.

, who lives in San Salvador and is an economist at the Central American Institute of Fiscal Studies. ICEFI describes itself as a “think tank independent of governments, political parties, or any other civil society organization that conducts technical research and analysis on tax matters in Central America."

The promise here is that remittances will become cheaper because Bitcoin could cut out the intermediary cost of remittance services. The government has said. Ricardo points out that the Salvadoran people will continue to incur costs:"The difference is simply who will pay them. The government will technically pay them, and that’s still our tax dollars.

The digital economy is the present and the future, so it must be done hand in hand with citizens, never above them."Este día, El Salvador está adoptando oficialmente el Bitcoin como moneda de curso legal, junto con el dólar. Los salvadoreños podrán sacar Bitcoins en cajeros automáticos en todo el país, gastarlos en negocios locales y recibir remesas en Bitcoins .

Busqué explorar, ¿qué están anticipando los salvadoreños como el impacto de este movimiento? ¿Qué pueden hacer tanto el gobierno como los inversionistas globales en criptomonedas para ayudar a promover resultados positivos y reducir los efectos secundarios negativos? El presidente, Bukele, ve claramente una gran oportunidad y proclama en Twitter:"Traerá inclusión financiera, inversión, turismo, innovación y desarrollo económico...

La promesa aquí es que las remesas se volverán más baratas porque Bitcoin puede eliminar al intermediario de servicios como Western Union. El gobierno ha dicho que espera que esto ahorre $400 millones al año.

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