Adopting any currency, let alone Bitcoin can be quite challenging to a small country like El Salvador, which is why assistance was requested from the World Bank. However, El Salvador\u2019s brave decision to be the first country to recognize Bitcoin as a valid currency and use it as payment for any kind of debt has not been supported by the World Bank. The reason behind this is the concern about sustainable energy usage and Bitcoin circumventing regulation due to its decentralized nature. This is nothing new to people who have been listening to politicians and major institutions harping on the same point without citing appropriate data to back up their claims. The institution is not interested in making new changes to benefit the economy but to continue to enforce the same rules.Although, this has not hindered the enthusiasm of Bitcoin enthusiasts to lend their assistance in any way possible. Jack Mallers, founder of Strike, a payment app that is based on the Lightning Network has been supporting El Salvador\u2019s bold decision since March to help this new venture progress smoothly. Strike has been a blessing for people in every corner of the country, allowing them to make payments efficiently. Financial inclusion is something most developing countries have to face with, and Strike has been a strong proponent of it. This has motivated rural people to participate in using Bitcoin for day-to-day usage.There are valid concerns about El Salvador\u2019s financial condition and the amount of debt it owns, which can end up terribly for the country, assuming it all goes downhill. The Bitcoin miner migration has created a lot of doubt in people\u2019s minds about its potential, which has impacted people\u2019s confidence in the currency to help the nosediving economy. The risk that it is taking can also help with its\u2026<\/p>","protected":false},"excerpt":{"rendered":"
Adopting any currency, let alone Bitcoin can be quite challenging to a small country like El Salvador, which is why assistance was requested from the World [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/4790"}],"collection":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/comments?post=4790"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/4790\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/media?parent=4790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/categories?post=4790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/tags?post=4790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}