Tag: El Salvador

Julio Velarde, president of the megadiverse country Peru’s Central Bank, announced that the country is entering into the international race of countries developing Central Bank Digital Currency (CBDC). On November 16, during the Conference of Executives (CADE) held annually with business leaders in Lima, he said he believes that the payment system the world will have in […]

The government of El Salvador continues setting the pace with regards to Bitcoin, as it is set to build first-of-its-kind Bitcoin schools using proceeds the country has made on the virtual asset. El Salvador Leading the Bitcoin Revolution According to President Nayib Bukele, profits realized from the state’s Bitcoin Trust account will be pumped into […]

The president of El Salvador, Nayib Bukele, revealed on Wednesday that his country has purchased an extra 420 Bitcoin. This brings the total amount acquired to date to 1,120 BTC. At current prices, the additional investment is worth about $24.7 million. Bitcoin is now trading at roughly $58.9K on Coinbase, according to TradingView market data. […]

JP Thieriot, the head of Uphold, the multicurrency investment company, said that Latin America is seeking Bitcoin-based use cases amidst the massive crypto adoption in the region. According to Thieriot, Latin America will benefit even more if the people start exchanging crypto tokens, fiat currencies, and the most awaited Central Bank Digital Currencies (CBDC) on […]

The president of the Central Reserve Bank of El Salvador, Douglas Rodriguez, expressed his thoughts on Bitcoin adoption, saying that the country’s actions on opting for BTC as its legal tender will not affect the plans for a $1.3 billion loan offering by the International Monetary Fund (IMF). As per today’s report by Bloomberg, Douglas […]

Amid the continuing bull run, El Salvador’s conventional Bitcoin (BTC) usage grows as people swap their US dollar savings for Bitcoin. The president of El Salvador, Nayib Bukele, announced this new development on Twitter based on data collected by El Salvador’s in-house wallet service, Chivo. 2 new Chivo Facts: 1. People are inserting way more […]

The claim by El Salvador President, Nayib Bukele, that about a third of Salvadorans are utilizing the Chivo wallet may be true, but a new report suggests that many people registered on the app were onboarded without their consent. Local media platform, Elsalvador.com highlights that the incidence of identity theft is soaring in the nation, […]

El Salvador president Nayib Bukele, in a bundle of tweets, announced that the country would use a portion of its $4 million BTC profits for building an animal hospital.  Bukele said that he is planning to start the work of the pet hospital by the El Salvador trust soon. He informed that after making BTC […]

Buterin took to a Reddit thread to give his thoughts. Ethereum founder Vitalik Buterin has taken to Reddit to hit out at El Salvador over the country’s adoption of Bitcoin as a legal tender. In what is arguably one of the largest crypto adoption milestones to date, Buterin is all but impressed with the move. […]