Businesses all over are ditching Bitcoin payments. Super Selectos, El Salvador's top grocery chain, was the last big player accepting Bitcoin with Chivo Wallet and Strike. Now, they only take payments through Chivo, but to pay, you gotta convert your Bitcoins into Salvadoran Tethers (stable coin) first.
Restaurants, bars, banks, clothing stores, even tiny shops – all saying bye to Bitcoin payments. Chivo Pets, the pet hospital funded by alleged Bitcoin earnings, also joined the club, only accepting Salvadoran Tethers via Chivo.
This hits hard on Nayib Bukele's Bitcoin Law dreams. In 2021, Bukele promised 100% Bitcoin adoption in El Salvador and a ONE million dollar Bitcoin by November 2021. None of that panned out.
But hey, at least we got Bitcoin City and the Volcano Bonds. What do you think, guys?
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