Like millions of Salvadorans, chauffeur Ricardo López has spent the past few weeks trying to get his head around bitcoin. Once the digital currency becomes legal tender this week, he is not sure he will accept it, but if he does he will convert it immediately into US dollars.
“They say the price varies and that it’s a bit like the stock market,” the 37-year-old said. “Most people are afraid because of the lack of information.”
Twenty years after it adopted the US dollar as its national currency, El Salvador will on Tuesday become the first country in the world to make bitcoin legal tender.
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