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El Salvador's bitcoin gamble draws crypto-tourists but angers locals

The adoption of cryptocurrency as legal tender by El Salvador's government has attracted enthusiastic tourists, concern from financial institutions and scorn from locals

By Luke Taylor

1 March 2022

2G26J6E Roberto Carlos Silva, owner of La Zontena store, poses at his business where he accepts Bitcoins at El Zonte Beach in Chiltiupan, El Salvador June 8, 2021. REUTERS/Jose Cabezas

A store owner in surfing hotspot El Zonte, now known as Bitcoin Beach

JOSE CABEZAS/REUTERS/Alamy

鈥淔ifty cents for a pupusa,鈥 says Carolina Reyes, a food vendor in El Palmarcito, El Salvador, as she throws the cornmeal pancakes on the grill. 鈥淏itcoin or cash?鈥

A growing number of Reyes鈥檚 customers are transferring cryptocurrency into her digital wallet rather than handing over聽bills. 鈥淎mericans, French, Canadians, they鈥檙e all paying in bitcoin for my pupusas,鈥 she says.

Tourists have long been drawn to El Salvador for its surf, but now they are coming to see the world鈥檚 most popular cryptocurrency in聽action.…

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