This is how easy and simple it is to send a Bitcoin payment in El Salvador. It really feels like magic internet money.
June 22, 2021
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This is how easy and simple it is to send a Bitcoin payment in El Salvador. It really feels like magic internet money.
This is how easy and simple it is to send a Bitcoin payment in El Salvador. It really feels like magic internet money. from Bitcoin
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Hello there! My name is Oktay from Tokensboss editors. I introduce myself as a business graduate and writer. I have been doing research on cryptocurrencies and new business lines for over 2 years.
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44 Comments
What wallet is that? Lightning Network?
You love to see it
BiTcOiN iS sO SlOW
People need to know that there is more than one layer to Bitcoin.
bUt bITcOIn iS tOO sLoW.
Do apps like Zelle and the like not exist there? I’m behind the ideas cyrpto is bringing but unless two people have two different currencies it doesn’t seem much different when it comes to transactions.
Edit: is this community so toxic now people can’t even ask questions without being downvoted because it “relates to fiat”?
Woof….
A merchant that accepts credit cards has to wait about 2 days to get their money and most will experience chargebacks because of stolen cards.
The slowest way to send bitcoin is faster and better than that.
No, can’t do that. Death Cross. Bitcoin failed and the US dollar is gonna rally /s
wonderful
Amazing to see it live. I just hope the people there embrace the technology and see it’s beneficial qualities it has on their lives. As scary as it is to say it, but I think how well it goes there will be the deciding factor for other countries to follow suit. We’ve gotta give them all the support they need to ensure this HAS to work so that everyone else sees what we see!
This is amazing!
Is this lightning network ?
Wait till you see WeChat and Alipay. This has been standard daily life in China for a couple of years already
That money she was paid is -8% just today. How is that good for a vendor? CC fees aren’t 8%.
Empowering the poor people who now have a bank account, banking the unbanked. Amazing long may this continue💜💛💚🧡
This guy again? He has definitely spent all his Bitcoin at this stall by now
What app are they using in this video?
It looks really cool and promising. I hope it will be the regular thing for us soon.
Annnnnd that BTC is now worth 5% less than when the transaction was made.
Please stop the bullish news it’s driving the price down. /s
As other users mentioned, this system has it’s drawbacks. But this is the perfect video to send to that friend who doesn’t know anything about crypto and only talks shit about it. Certain apps will make the transfer and trade of crypto a thing that anyone with a minimal smartphone ability will be able to use do. It’s not as complicated as everyone thinks.
Once the market stabilized, and all the dirt is removed. People will be able to invest passively in crypto, and spend that money with ease. Won’t be that hard.
My question is, will a big amount be as fast?
Satoshi, may your huge balls be blessed, my friend.
I bet everyone here watched it more than one time.
I’m wondering how that will convince users using $BTC if it moves around 30-60% in few weeks?
It’s magic. Can I pay for my purchases with Ownr card in El Salvador?
Mass adoption! Feels so surreal! 🙂
Is that using the lightning network?
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How do they handle fees? I mean if a transaction fee runs up to 5 USD or even higher (seen it peak at like 50 USD) how can anyone afford that?
No Hate, just genuinely curious.
Fuck the prices. It’s just noise. Focus on the tech.
ITT people forgetting this is for the unbanked, and constantly talking about how their banks or paypal provide these features…..again for the unbanked. As a nigerian I know there are tons of people without even a social security number but have a cellphone.
Awesome we are losing a few battles but we are def winning the war against bitcoin haters❤️🙌🚀
What makes this even more incredible is that you transfer a Bearer Instrument!!
I just received 100 dollars in my account and now it’s 50, it’s magic.
Feel like El Salvador will be the next Hong Kong or Singapore in Central America
Are they using lightning there? I never really understood how lightning works exactly. Is there a good explanatory video out there?
brings a tear to my eye. long time comin
Ahead of the game in that area
I’m interested in how they are doing the payments so quickly, and how the fees are incorporated. This is so cool to see bitcoin actually being used for it’s intended purpose. I’m all giddy now.
Thats cool asf
You would have to put a shirt on to go into a bank
All this without any corrupt entity (banks) meddling…..
Kenyan here. We’ve had that since 2007 with M-Pesa. It would be great to integrate M-Pesa to Bitcoin though.
Wtf. I thought BTC transactions took ages?
Sorry I am really out of date, wasn’t that the problem with it and they were working on something called the lightening network or some shit?
This is faster than tap to pay in my local shop.
respect! thorough and very educational for me a newbie to Bitcoin
This is amazing. Time to read up more on lightning network.