It's pain in the ass and quite extra bit of fees to send money from US to El Sal... | Hacker News

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bubersson on June 5, 2021 | parent | context | favorite | on: El Salvador to adopt Bitcoin as legal tender

It's pain in the ass and quite extra bit of fees to send money from US to El Salvador. Even when the currency is the same. So using Bitcoin is presumably much better in this situation. 23% of El Salvador's GDP is from remittances, so this is a large use case.

slashdev on June 6, 2021 [–]

Bitcoin is not cheap either to send, but it has an advantage here I think in fees. The volatility on the other hand could be problematic.

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