The adoption of cryptocurrency as legal tender by El Salvador’s government has attracted enthusiastic tourists, concern from financial institutions and scorn from locals
“Fifty cents for a pupusa,” says Carolina Reyes, a food vendor in El Palmarcito, El Salvador, as she throws the cornmeal pancakes on the grill. “Bitcoin or cash?”
A growing number of Reyes’s customers are transferring cryptocurrency into her digital wallet rather than handing over bills. “Americans, French, Canadians, they’re all paying in bitcoin for my pupusas,” she says.
Tourists have long been drawn to El Salvador for its surf, but now they are coming to …