First, Bukele, President of El Salvador, surprised us all by letting the world know that he would make Bitcoin a national currency with which any debt could be cancelled, which I think is an excellent idea.
Days later, he surprised us again with the creation of an airdrop equivalent to $30 in bitcoin. And, recently, he shakes us up a bit by clarifying that it cannot be exchanged for dollars.
This after announcing the creation of a virtual wallet in which this airdrop will be received. Once this wallet is created, this amount of dollars in bitcoin would be credited directly to each Salvadoran.
But what is the reason for this decision, and what is the argument behind it? Well, the Minister of Finance, Zelaya, clarifies that this measure seeks to encourage the use of this digital currency.
Mmm, but, if everything looks good, why the need to promote the use of this cryptocurrency? So, I decided to investigate about it and I could determine, from reading some informative notes, that this measure has its origin in the fact that the business sector, on the one hand, does not have total confidence in this form of payment and is afraid to put their faith in this type of economy due to the volatility of the cryptographic world itself.
And, on the other hand, I discovered that not everyone in that country agrees with the measure and, as expected, some politicians and the business sector raised their voice of protest against this fact.
It is not surprising that, although the acceptance and inclusion of the cryptocurrency is a great advance for any country, this fact generates a lot of uncertainty among the population, above all, because this means breaking with an economic paradigm embedded for years in the global, national and local economic system.
Therefore, to assume that its acceptance will be easy is just an illusion. Thus, it is not uncommon to see rejection of this measure. Much remains to be said about this particular issue so we can only be attentive to the development of the facts within this country.
Used translator deepL