A digital survey by the Chamber of Commerce showed that 93% of respondents did not want to receive a salary in Bitcoin, and 96% of small businessmen said they did not agree with the mandatory use of Bitcoin in the country. Although that's exactly what the law says. Starting in September, "every economic agent" will have to accept bitcoin as a payment method. "If you go to McDonald's, they're not going to say, 'We don't accept bitcoin.' They have to legally accept it," Bukele said. Taxes can be paid in bitcoin, or “all obligations expressed in U.S. dollars prior to the enactment of the law.
For those who are not obligated to transact with Bitcoin, the law makes a vague exception: "Those who are notoriously and obviously unable to use the technology that allows transactions to be executed in Bitcoin." What does that mean? Buchler's representatives didn't bother to explain it. In theory, all you need to buy and sell bitcoins is a mobile phone. In El Salvador, there Fax Number List are more mobile phones than people, and by 2019, 94% of households owned at least one. But that doesn't solve the whole law. Behind the counter at Óscar Romero's store, one of his daughters clarifies the popularity of cell phones for two reasons: In rural areas like this, cell phone signals are intermittent.
It goes up and down, just like the price of Bitcoin. The second is that, according to a 2019 national survey, most people charge an average of $11 a month, even with a lot of cell phones, meaning they don't always have data or internet available. The minimum wage is $300 and the basic basket is $400. Post-pandemic, 4 out of 10 people live in poverty, defined by the World Bank as living on less than $5.50 a day. The considerations were raised during a brief conversation at a store and were not incorporated into legislative discussions.