El Salvador has made some positive moves to promote the use of the chivo wallets, I guess those using the chivo wallet enjoy various discounts from the government, and with so many government-owned institution payments using Bitcoin is allowed and are given special offers with low fee. The president of El Salvador is a young smart guy since he know how hostile some El Salvador citizens are towards Bitcoin adoption the best way to give Bitcoin the right acceptance is by making its payments on services cheaper and enjoying good discounts.

El Salvador is spending USD before it adopted bitcoin as a legal tender, not having the local currency of its own. I expect countries that do not have their own local currency to follow El Salvador. Some countries can be friendly on bitcoin adoption which is what that matters most. If some countries start making bitcoin a reserve, that is also part of adoption, this is what I would be glad to hear about next. If countries like Russia start accepting bitcoin for paying for oil and gases they are exporting, it is still part of adoption, but we do not know yet if this would be done by Russia, but I noticed bank of Russia hate bitcoin but Russia government have shown how they like bitcoin. What we mostly need is for countries not to ban the use of bitcoin and make their citizens to use it.

Government will want to protect their own local currency, it is people that should wake up and know the right thing to do like investing in bitcoin in long term. Countries do not have to make bitcoin a legal tender before citizens should know they can buy and hold bitcoin. Even the citizens of the countries that implicitly banned bitcoin can still buy, hold or trade bitcoin which is what that mostly matters. Only countries that totally banned bitcoin have little option because many citizens in such countries will not use bitcoin but nothing still stop people to use bitcoin in a decentralized way.

Because a country accepts bitcoin and friendly with it does not mean the government of the country is making bitcoin mandatory in such country.

There are more statements mentioning the low direct usage of bitcoin by the people of El Salvador. Same time there is big progress in the recovery of different sectors once after the adoption of bitcoin. Morena Valdez, the tourism minister of El Salvador, has brought out information about the recovery of the tourism sector in the country.


The minister attributes this recovery to three factors.

• Handling of the Covid-19 pandemic in the country
• Investments that derive from the interest the country and its economic movements have awakened in foreign markets.
• The utilization of bitcoin and the interest it is bringing to the country

Tourism Minister of El Salvador Reiterates Effect Bitcoin Has Had on the Sector

In El Salvador, Marchants can be paid in bitcoin, but the Marchant can decide to make the payment to automatically be converted to United States dollar immediately. This means that people can decide to pay in bitcoin or United States dollar, marchants can decide to immediately convert the payment to either bitcoin or United States dollar. Because legal tender in El Salvador can used for payment if people like it or not brought confusion at the start, not knowing it still work in a way people can choose to automatically convert the payment in either bitcoin or United States dollar. No one is forcing anyone to use bitcoin.

I just have this thinking that people, especially bitcoin users will want to just experience buying and touring with bitcoin, it is a kind of good experience. I think the increase in tourism in El Salvador will be more connected to the country that made bitcoin a legal tender.  Nobody also cares about what people are saying or what is happening, what that matters is that no one is forcing anyone to use bitcoin.

Yes, I agree, bitcoin is providing an alternative means, it is even only the official alternative means to fiat payment in El Salvador. But even if Chivowallet is decentralized, this does not necessary mean El Salvadorans will adopt bitcoin more, it is true that many Salvadorans lack the knowledge to know what bitcoin actually which is one of the cause of low bitcoin usage in payment, but with time, with education, more people in El Salvador will use bitcoin.

To have control, I can not recommend a centralized wallet, but this is not the reason there are no much people using bitcoin for payment in El Salvador like once said, people due to lack of what privacy is have gone more to use a centralized wallet, see Coinbase and Freewallet and may other centralized wallets that people prefer, they do not care storing cryptocurrencies on centralized exchanges as well and never thought of data leak, exchange hack and never having complete control.

United States senete are on a bill to check how El Salvador bitcoin as a legal tender will affect United States, how it can be used for money laundering. I am thinking they are wrong about money laundering just because the bitcoin official wallet which is Chivowallet is centralized.

Not that I am recommending a centralized wallet, I do not use a centralized wallet so I will be able to have complete control over my crypto assets like bitcoin and I can never use one as it makes privacy not to be possible.

Samson Mow’s new company JAN3 helping build Bitcoin City in El Salvador

JAN3 which is Samson Moe's new company is helping El Salvador to build bitcoin city. Samson Mow’s new company JAN3 helping build Bitcoin City in El Salvador. Mo, his new firm, JAN3 will work together with the president of El Salvador, Nayib Bukele and it's government to help in the establishment of bitcoin city which will use a geothermal power from a nearby volcanoes which will power bitcoin mining and the city infrastructure.

Not new though but another interesting news
60 Minutes feature on El Salvador's Bitcoin Beach will air Sunday
https://cointelegraph.com/news/60-minutes-feature-on-el-salvador-s-bitcoin-beach-will-air-sunday

El Salvador is an independent nations and US do not have any control over El Salvador, what US is doing is to check if there can be possible means bitcoin as a legal tender in El Salvador can affect US dollar and how it can be used in illicit activities. US is not yet saying these are possible but just to find possible ways it is possible and see if it possible to find ways to mitigate it. US do not have any control over El Salvador, US can not even sanction El Salvador because they want their dollar to be used in other countries to help the US dollar to stay as the dominate currency in the world.

This is what the fear of US is, I later have to think about it but I noticed US are just sensitive about it, check ways it can affect their nation but US have no control on El Salvador. If a dollar depending nation start to depend on bitcoin, to be truthful, that could raise fear in US because they want their currency to remain dominant.

I have already written that El Salvador and their president refused to condemn Russia's aggression against Ukraine, and thus certainly lost the support of some investors - and it is possible that some were connected with Russia. Besides, do you know why Bukele abruptly canceled his Miami conference? This was certainly not because roses were blooming in El Salvador, or honey and milk were flowing in the streets - on the contrary, something else was flowing.