Skyrocketing activity has led to a surge in average Bitcoin transaction fees — which rose to US$31.15 as of March 8 — exerting increasing pressure on users in low- and middle-income economies including Bitcoin-reliant communities in El Salvador, the first country to implement mass adoption of the digital currency.
Fast facts
Bitcoin users in El Salvador — the first country to adopt mass use of Bitcoin as legal tender — have used Twitter to highlight the increasing limitations that rising transaction fees are exerting on their ability to make daily transactions.
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