Clearly this professor of applied economics understands nothing about how payments work but it is still important to share different views. "The economist also described remittances across borders in Bitcoin as “nonsensical,” as he thinks the asset will need to be converted instantly to dollars to be able to use it. “If grandma is down in El Salvador is waiting for her remittances and you want to send Bitcoin like that it’s fine, but what does she do? She has to go to the ATM to get dollars because that's the only way you can buy something,” Hanke said. However, businesses in El Salvador will be mandated to accept Bitcoin."