On an average common man will purchase half a gallon per week. This might differ with the people, but majority fall under this segment. With this one can make a profit of $5.4 in an year. This doesn't look like a big thing to make people use bitcoin. Even in my country for every litre of petrol purchased through cards gets us rewards. This rewards on reaching specific number can be used to purchase petrol. What El Salvador government have taken forward looks similar.
Expect more progressive forms of adoption to happen with the people.
Topic: Get a $0.20 per gallon discount on petrol when paying with Bitcoin. - page 2. (Read 241 times)
October 05, 2021, 07:43:43 AM
October 05, 2021, 07:30:43 AM
This is pretty useful especially for the people that's using gasoline a lot and drives a lot either for work or something that requires driving a lot, a .20 USD discount can't be ignored because if you think about it, that's 73 USD saved for a year per gallon of gasoline.
October 05, 2021, 07:01:40 AM
The article raises some obvious concerns which is worth discussing. Starting from the launch, many were skeptical of the government's reason to stipulate that people use a particular wallet service as it goes against free will that bitcoin promotes, now the discount policy only applies to people that pay using the designated wallet service. Creating a business and having a whole country patronize you would yield good profits.
The other criticism was about who pays for the discount; the obvious answer would be the government through tax payers money, so the citizens are paying for it.
The other criticism was about who pays for the discount; the obvious answer would be the government through tax payers money, so the citizens are paying for it.
October 05, 2021, 05:40:28 AM
Global Bitcoin adoption is on the rise as El Salvador approved bitcoin as a legal tender some months ago, haven't rolled out thousands of Bitcoin ATMs the government has gone further to place a subsidy on petroleum ⛽ when paying with Bitcoin using the government-owned Bitcoin wallet.
https://cointelegraph.com/news/el-salvador-introduces-fuel-subsidy-of-0-20-per-liter-to-locals-who-pay-in-btc
https://cointelegraph.com/news/el-salvador-introduces-fuel-subsidy-of-0-20-per-liter-to-locals-who-pay-in-btc
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