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9% adoption rate in 2 months for something optional is amazing. It takes time for people to learn to use it, as it's very different from the traditional banking system.

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it doesn't mean 9% adoption though. I bet a large part of these 9% are still using $, maybe even exclusively.

Sure, and it's fine. The optionality of getting rid of the USD which totally failed and destroyed latin american countries is in itself a great thing. IMF was an asshole with El Salvador during the pandemic, and it was not the first time.

I've seen more countries in Latin America destroyed by their own countries devaluing countries than by the USD.

IMF loaned the El Salvador government 389 million during the pandemic

https://www.imf.org/en/News/Articles/2020/04/14/pr20155-el-s...

Why loan? US printed trillions of dollars and put into its own markets and helped its own people, but didn’t think at all of giving checks to other countries that use the USD.

Sure, other currencies have problems as well, that’s why it’s probably better to use the dominant open standard that has already shown that it can’t be easily inflated…it just makes sense.

There were also incentives to join the system, which is what (most of the) people go for.

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