Americans can skip reporting or paying taxes on small transactions under $200 in foreign currencies.
Appears Strike (Zap wallet) recognized user base consists largely of U.S. based drug dealers, so by lobbying El Salvador into doing this they'll shield U.S. drug dealers from prosecution for tax fraud.
It'd theoretically benefit other Americans doing small transactions in BTC, but really only drug dealers do such small transactions in BTC, everyone else uses it as a reserve for speculation.
Appears Strike (Zap wallet) recognized user base consists largely of U.S. based drug dealers, so by lobbying El Salvador into doing this they'll shield U.S. drug dealers from prosecution for tax fraud.
It'd theoretically benefit other Americans doing small transactions in BTC, but really only drug dealers do such small transactions in BTC, everyone else uses it as a reserve for speculation.