Transcripts for BBCNEWS Outside Source 20210907 18:35:00 : v

BBCNEWS Outside Source September 7, 2021 18:35:00

average person in el salvador. one of the risks of using bitcoin as a legal currency is that it's seriously volatile. look at this. in september last year, one single bitcoin cost $10,000. in april this year, that coin was worth $63,000. byjuly, it was down to $30,000. it's for that reason and others that the world bank and both international monetary fund oppose cryptocurrency as legal tender. here's stephanie hare again. it's not going to be for most people in el salvador. most of them don't have a bank account or smartphones and are not on the internet. there are four intendant living in poverty. you've got that issue right there. this is a country that last year alone had one of the biggest economy crashes in four essays. who is going to use it? four decades.

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