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RE: Daily Crypto Markets Live Blog: Happy Bitcoin Legal Tender Day (09/07/21)

in LeoFinance3 years ago

Isn't that what a country wants from its neighbors, more money?

Sure. More money and good relations.

That BTC from El Salvador which ends up in USA could end up being converted back to USD sooner or later.

Sorry, I didn't get your point.

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Price increases. Both the seller in El Salvador and the buyer in USA get to cash out the BTC for USD, but due to when the cashing out takes place the American may get more USD than the person cashing out in El Salvador. I think "arbitrage" is the word I should have used earlier.

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