24 min listen
El Salvador wants to be a bitcoin paradise
El Salvador wants to be a bitcoin paradise
ratings:
Length:
17 minutes
Released:
Jul 16, 2021
Format:
Podcast episode
Description
This year, El Salvador President Nayib Bukele made his country the first in the world to embrace bitcoin as legal tender. That means that come September, Salvadorans will be able to pay bills and taxes in bitcoin and that all businesses will be required to accept the digital currency — from McDonald's to the fruit vendor on the corner.Today, L.A. Times Latin America correspondent Kate Linthicum explains how El Salvador got into the cryptocurrency game.More reading:How a California surfer helped bring bitcoin to El SalvadorEl Salvador makes bitcoin legal tenderA look at El Salvador’s meme-loving, press-hating autocratic president
Released:
Jul 16, 2021
Format:
Podcast episode
Titles in the series (100)
Who really created Flamin’ Hot Cheetos?: A junk snack may not seem like a big deal, especially in this current world. But the story of Flamin’ Hot Cheetos — a gnarled, messy, crunchy, bright-red corn puff that debuted in the early 1990s — and its creation has long been told as an inspirational fable from classrooms to boardrooms because of one man: Richard Montañez. His tale was irresistible: he was a former janitor at a Frito-Lay plant who became a high-ranking executive. That is all true. But he credited his rise to his creation of Flamin’ Hot Cheetos. Now, an L.A. Times investigation has cast doubts on those claims, and the internet is, well, aflame. We get some insight into the matter from Times business reporter Sam Dean and our very own senior podcast producer Denise Guerra. by The Times: Essential news from the L.A. Times