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The use of bitcoin in El Salvador appears to be low, as the currency has lost about 60% of its value since the experiment started.
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The initiative appears to be a response to the capital's Soyapango district's redevelopment, which has a reputation for gang violence.
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Bitcoin popularity in El Salvador appears to have reached a snag recently.
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'Nothing good has occurred.'
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The Central African Republic has become the world's second country to embrace bitcoin as its official currency, following El Salvador's decision last year.
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The Salvadoran government has decided to postpone the sale of Bitcoin bonds due to adverse market circumstances.
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I knew I wasn't in an ordinary beach town as soon as I stepped out of the back of a pickup truck in El Zonte, El Salvador.
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El Salvador is on a mission to popularize the use of Bitcoin within its borders, and it appears to be succeeding one citizen at a time. According to President Nayib Bukele, Bitcoin adoption was gaining traction as citizens increasingly exchanged their US dollars for Bitcoin.
The use of bitcoin in El Salvador appears to be low, as the currency has lost about 60% of its value since the experiment started.
