Part 6/11:
Economic and Social Impact in El Salvador
The conversation emphasizes El Salvador’s unique position. As a dollarized economy with no sovereign currency of its own, the country faces many financial hurdles—high remittance costs, limited banking inclusion, and economic volatility exacerbated by global monetary policies.
Many Salvadorans live abroad, particularly within the United States, sending remittances that comprise roughly 22% of the nation's GDP. These funds are often siphoned through multiple intermediaries, reducing the amount reaching families. Bitcoin presents a transformative alternative—small transactions, instant transfer, reduced fees—that empowers families and individuals.