TechFlow news. According to a research report by David Puell, research associate at Ark Invest, while Bitcoin is highly recognized in El Salvador, its actual usage rate remains low—lagging behind Argentina.
Puell believes Salvadorans' preference for the U.S. dollar and Bitcoin's price volatility are the main reasons for this cautious adoption. The U.S. dollar became legal tender in El Salvador in 2001, helping the country avoid the inflation crises that plagued neighboring nations and providing a more stable and trustworthy monetary system.
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