JPMorgan: Accepting Bitcoin at Salvadope Will Put Pressure on the Net

The largest American bank JPMorgan continues to criticize El Salvador's decision to accept Bitcoin (BTC) as legalpayment facility, warning about potential risks both for the country and for the cryptocurrency.

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The JPMorgan group of experts, led by the economist Steve Palacio, published a report, in which it is said that the operations of the salvadopters could be created here.

Experts declared that bitcoin was extremely unliquidated, noting that most of the volumes of trade were carried out by big bitcoin, while this was no more than 90%.

JPMorgan Experts Marked What Usagebitcoin in the quality of a legitimate payment system in such a country as Salvadop

«Daily payment activity in Salvadopemakes 4% of the volume of recent transactions within the network and more than 1% of the total cost of coins that were transferred between the wallets in the past. "

JPMorgan experts also noted other issues,including the potential impact on the money system along with the official commitment. It claims that the constant disbalance of the challenge for the conversion of bitcoin and the US dollar can "cannibalize the full liquidity in the dry" and, in addition

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