Protesters against Bitcoin becoming legal tender in El Salvador burn Bitcoin ATM machines

The Central American country of El Salvador just became the first country in the world to use Bitcoin as legal tender last week . The 15th of this month coincided with El Salvador’s Independence Day. Thousands of demonstrators rushed to the streets of the capital San Salvador to protest against President Booker’s authoritarian push for Bitcoin to become the country’s legal tender.

Protesters against Bitcoin becoming legal tender in El Salvador burn Bitcoin ATM machines

According to a report by the BBC on the 16th, “anti-bitcoin” protests have appeared in Saskatchewan since July, and the demonstrations on the day of Independence Day pushed the protests to a climax. During the parade, someone smashed the street glass and burned a brand new Bitcoin ATM machine on the spot. El Salvador’s “Today” reported that many demonstrators said in an interview that using Bitcoin as the official currency would seriously damage the national economy and people’s “private pockets” in El Salvador. Many people were afraid of losing their savings or pensions and believed that using Bitcoin Bitcoin is an act of “gambling”. Earlier, El Salvador’s legal currency was the U.S. dollar. President Booker said that adding Bitcoin as legal currency would help save Salvadorans working abroad in the cost of sending money to the country. According to the Spanish newspaper “Abésée”, El Salvador is one of the countries with the lowest Internet connection rate in Latin America and the Caribbean. It lacks the basic conditions for using electronic money. Citizens often encounter server crashes or electronic wallet failures when using Bitcoin to pay.

 

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/protesters-against-bitcoin-becoming-legal-tender-in-el-salvador-burn-bitcoin-atm-machines/
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