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Will El Salvador’s Bitcoin Wager Pay Off?


That is an opinion editorial by Kudzai Kutukwa, a passionate monetary inclusion advocate who was acknowledged by Quick Firm journal as certainly one of South Africa’s top-20 younger entrepreneurs underneath 30.

The United Fruit Firm (AKA El Pulpo which implies “the octopus”) was an American firm that had an overarching presence in Latin American international locations. They grew and traded all types of fruits, however they had been a gargantuan monopoly within the banana buying and selling enterprise. El Pulpo’s dominance prolonged past Central America, stretching so far as the West Indies which noticed the company control 603,111 acres of land by 1954. Guatemala, Panama, Costa Rica and Honduras had been closely depending on the export of bananas, which accounted for a serious portion of their whole exports — therefore these international locations earned the nickname, banana republics. Consequently the corporate had immense management over the economies of those nations and had been infamous for bribing native politicians to get their method, in addition to ousting leaders that would not play ball.



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