Tag Archives: El Salvador

For bitcoin and cryptocurrency fans, the name Nayib Bukele should ring several bells. As the president of El Salvador, the man was tasked with integrating bitcoin as legal tender in his country. Nayib Bukele Should Be Admired for His Bitcoin Plans Bukele has clearly done this for no other reason than to keep his people financially safe and independent. He’s not only a bitcoin believer, but a true leader in that he has taken it upon himself to do something quite difficult...

Bitcoin City The price of bitcoin dropped below 30,000 euros last night. With this drop, El Salvador saw the opportunity to buy the dip. The country’s president has no ‚paper hands‘ and, in addition to this purchase, is showing off the new plan for Bitcoin City – a city, at the foot of a volcano, that is entirely dedicated to bitcoin. Purchase of 500 bitcoin El Salvador’s president, Nayib Bukele, announced last night that El Salvador has once again...

The Central African Republic (CAR) has become the second country after El Salvador to declare bitcoin legal tender. Customers can walk into any store or company and purchase goods and services with bitcoin and owners and managers must be accepting of the digital currency. The Central African Republic Says “Yes” to Bitcoin In a statement, Obed Namsio – the chief of staff of Faustin Archange Touadera, the President of the Central African Republic – said that a bill had...

El Salvador president Nayib Bukele has announced another Bitcoin purchase amid the current crypto market turmoil. Over Twitter, Bukele claimed to have bought exactly 500 Bitcoin for an average of $30,744 dollars each on Monday. The president, who has admitted to making Bitcoin buys from his phone using the country’s money, referred to the purchase as “buying the dip”. As of today, Bitcoin has closed its 6th consecutive red weekly candle for the first time since 2014. It’s...

Argentina has long been marred by a battered economy and corrupt politicians. Many remember a time in the early 90s when these politicians froze everybody’s bank accounts overnight, and many people saw the quick evaporation of their savings. Argentina Works to Obtain BTC Jeronimo Ferrer doesn’t want anything like that happening again – not to him or any member of his family or community. As a result, he’s been running a walking tour he calls “Our Local Crazy Economy and...

The International Monetary Fund (IMF) is worried about all the bitcoin love and adoption that’s occurring all over the world. The agency feels that all this bitcoin usage bears some level of danger to the world’s standard financial systems. The IMF Warns About Further Bitcoin Usage Interestingly, the IMF recently expressed this concern directly to El Salvador, a Central American nation that declared bitcoin legal tender back in September of last year. Now in its seventh...

Ein grosser Erfolg für die Bitcoin-Enthusiasten: Im Parlament von Mexico steht neu eine Bitcoin-ATM. Laut Daten von Coin ATM Radar standen in dem Land bereits 13 solche Automaten in Mexiko-Stadt, Tijuana, Cancún, Guadalajara, Culiacán, San Miguel de Cozumel und Aguascalientes. Während Länder wie El Salvador und Panamá den Bitcoin als Zahlungsmittel längst schon gesetzlich legitimiert haben, hinkt das zentralamerikanische Land Mexiko immer noch ein...

Ob man hier bald mit Bitcoin bezahlen kann? Eine französische Bäckerei in Bangui City, der Hauptstadt der zentralafrikanischen Republik. Foto CC 2.0 by Afrika Force Während westliche Industrienationen sich Bitcoin versperren, machen andere immer mehr Länder Nägel mit Köpfen. Als El Salvador Bitcoin als gesetzliches Zahlungsmittel eingeführt hat, gab es einen Aufschrei in der internationalen Finanzelite. Nicht zuletzt der Internationale...

According to the American non-profit organization – the National Bureau of Economic Research (NBER) – the majority of El Salvadorans (60%) have not downloaded the Chivo Wallet (a feature that facilitates bitcoin transactions). Additionally, there have been almost no downloads since September 2021, when the country became the first nation to adopt the asset as legal tender. Bitcoin Adoption in El Salvador Not Progressing Last year, the Central American state made the headlines...

Cash App adds Lightning as payment method. $cashtag Im Rahmen der Bitcoin-Konferenz in den Vereinigten Staaten von Amerika in der Stadt Miami, äußerte sich der CEO von Strike, Jack Mallers, am 07.04.2022 zu diversen Partnerschaften mit wichtigen Playern des Point of Sale. Bei Strike handelt es sich um eine Finanzgesellschaft, welche amerikanisch reguliert ist. Strike nutzt das Bitcoin-Lightning-Netzwerk, um mit Hilfe dieses Vehikels...