Came across this video on El Salvador making Bitcoin legal tender which everyone is aware but what I like about the video is that it goes to the ground and ask the citizens of El Salvador on whether they prefer Bitcoin or cash and what has changed since Bitcoin became legal tender.
For construction worker, Milton Cabrera, he is now paid his salary in Bitcoin and it has changed his life. When asked why, he explains that if he receives his salary in cash, he tends to spend it and at a rapid pace. Whereas if he is paid in Bitcoin, he can just use what he needs and save the rest.
We might not be able to relate to that as the majority of the population in Singapore receives our salary digitally through the GIRO banking system but for people who receive their salary in cold hard cash, receiving it digitally in the form of Bitcoin helps them to stash the amount and save....