Another exploration of the consequences of El Salvador's adoption of Bitcoin as legal tender and its effects across central and south America. Several states are trying to figure out what to do next and how to proceed. Especially states that have been negatively impacted by their dependence on the Dollar. We might see some sort of economic agreements or zones allowing official exchanges based on BTC.

I think El Salvador was just trying to save some money on remittances. But in doing so, they've created a ton of confusion about what it means. And this confusion may very well lead to people finding new ways to integrate bitcoin into their broader economy. There certainly is no obvious way that bitcoin becomes widely used like traditional currencies, or comes anywhere near replacing them in El Salvador, or anywhere. Not yet anyway. But that people believe otherwise may be a good thing to some degree.