Field Report from El Salvador

Lightning Network in El Salvador is fast and smooth regardless of your wallet preference. I’m using Strike because I can use the Strike wallet in ES and the US. The Bitcoin Beach wallet is not available in the US due to non-compliance. I’ll assume KYC non-compliance. ES no-coiners are still skeptical. At present, I’ve only done transactions in El Zonte (AKA BTC Beach). Outside of El Zonte, I haven’t done any BTC transactions. On September 7, I expect less than 1% of ES transactions will be BTC. That’s enough to sustain an exponential, parabolic growth. Media will call it a failure. 12 months later it will be amazing. One hotel charged me 5% for using my visa. They wouldn’t accept Bitcoin. My Sat transactions seem to be 10 to 30 basis points. (.1 of 1%) Salvadorans will not pass on that kind of savings. It’s just an education cycle. Sorry to say, but that will take time. A year after September 7 will be amazing.

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