El Salvador’s Bitcoin Revolution Faces Challenges: 89% of Service Providers Inactive
El Salvador’s groundbreaking move to adopt Bitcoin as legal tender in 2021 now faces a significant challenge as 89% of registered Bitcoin service providers appear inactive. This situation raises questions about the effectiveness of the Bitcoin revolution in the country. While the world watched with interest, the lack of active service providers may hinder further adoption and utilization of cryptocurrency for everyday transactions. Understanding the reasons behind this inactivity could provide valuable insights into the future of Bitcoin in El Salvador. Monitoring these developments will be crucial as the nation seeks to pave the way for innovative financial solutions.