{"id":2657,"date":"2021-08-30T05:36:22","date_gmt":"2021-08-30T03:36:22","guid":{"rendered":"http:\/\/costops.com\/index.php\/2021\/08\/30\/scepticism-grows-in-el-salvador-over-pioneering-bitcoin-gamble\/"},"modified":"2021-08-30T05:36:22","modified_gmt":"2021-08-30T03:36:22","slug":"scepticism-grows-in-el-salvador-over-pioneering-bitcoin-gamble","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2021\/08\/30\/scepticism-grows-in-el-salvador-over-pioneering-bitcoin-gamble\/","title":{"rendered":"Scepticism grows in El Salvador over pioneering Bitcoin gamble"},"content":{"rendered":"

Country will be first to adopt cryptocurrency as legal tender next month \u2013 but economists are sounding warnings over risks<\/p>\n

Litha Mar\u00eda de Los Angeles slaps two cheese-filled pupusas \u2013 the El Salvadoran cornmeal flatbread \u2013 on the griddle. With a camera click on the QR code, she receives her payment: four hundred-thousandths of a Bitcoin<\/a>. Then, as the rain pelts the corrugated iron roof and a gust of wind lifts the blue plastic table cloths, the power cuts out.<\/p>\n

A tumultuous few weeks awaits El Salvador as it prepares to become the first country to adopt Bitcoin, the world\u2019s most popular decentralised digital currency, as legal tender on 7 September. With that deadline looming, a host of challenges \u2013 technological, financial and criminal \u2013 threaten to sink the plan of the president, Nayib Bukele, to ride the Central American economy out of its current choppy waters on the back of a cryptocurrency wave.<\/p>\n

Continue reading…<\/a>
\nCountry will be first to adopt cryptocurrency as legal tender next month \u2013 but economists are sounding warnings over risks
\nLitha Mar\u00eda de Los Angeles slaps two cheese-filled pupusas \u2013 the El Salvadoran cornmeal flatbread \u2013 on the griddle. With a camera click on the QR code, she receives her payment: four hundred-thousandths of a Bitcoin. Then, as the rain pelts the corrugated iron roof and a gust of wind lifts the blue plastic table cloths, the power cuts out.
\nA tumultuous few weeks awaits El Salvador as it prepares to become the first country to adopt Bitcoin, the world\u2019s most popular decentralised digital currency, as legal tender on 7 September. With that deadline looming, a host of challenges \u2013 technological, financial and criminal \u2013 threaten to sink the plan of the president, Nayib Bukele, to ride the Central American economy out of its current choppy waters on the back of a cryptocurrency wave. Continue reading…Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"

Country will be first to adopt cryptocurrency as legal tender next month \u2013 but economists are sounding warnings over risks Litha Mar\u00eda de Los Angeles slaps two cheese-filled pupusas \u2013 the El Salvadoran cornmeal flatbread \u2013 on the griddle. With a camera click on the QR code, she receives her payment: four hundred-thousandths of a …<\/p>\n

Scepticism grows in El Salvador over pioneering Bitcoin gamble<\/span> Read More »<\/a><\/p>\n","protected":false},"author":0,"featured_media":2658,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/2657"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=2657"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/2657\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/2658"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=2657"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=2657"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=2657"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}