Displaying items by tag: BITCOIN
Samson Mow seeks to expand possibilities offered by Bitcoin in agricultural production
The Consejo Salvadoreño del Café (CSC) highlighted that investor Samson Mow was visiting the country, precisely to seek opportunities with this agribusiness.
The IMF asks the Government of El Salvador to eliminate Bitcoin as legal tender
The International Monetary Fund (IMF), asked the Central Government to eliminate Bitcoin as legal tender in the country due to the "serious risks" it implies for the market and financial stability. The body also showed its concern about the issuance of bonds backed by the cryptocurrency.
DitoBanx, Bitcoin services startup, becomes the first salvadoran Fintech to raise half a million dollars in investment funds
DitoBanx, a 100% salvadoran company, with its own technology and a unique matrix of financial services based on Bitcoin, obtains its first investment fundraising for half a million dollars in a seed capital round, with a significant valuation of more than US$3.125 million for the expansion of its operations.
Chivo Wallet has added 4 million users with Netki partnership
According to media outlet Cointelegraph, Chivo, El Salvador's official Bitcoin wallet, has managed to incorporate 70% of the unbanked population in El Salvador, says the partner.
Bitcoiner says that people who want to invest in Bitcoin must be willing to lose long term
Guillermo Torrealba, is the CEO of BUDA.COM, considered one of the safest cryptoasset trading sites in the world, according to the specialized company escorchin.
IMF states that adopting Bitcoin in El Salvador may involve many risks
The International Monetary Fund (IMF), called on the Central Government to control the use of bitcoin as a legal tender in the country, due to the high volatility of the cryptocurrency, which implies great risks for consumer protection, the integrity of the financial system and financial stability.
Fuel will be US$0.20 cheaper when paying with your bitcoin at any gas station in the country
President Nayib Bukele informed through his twitter account that the company Chivo negotiated with the country's gas stations and indicated that, as of this day, gas stations will sell each gallon of fuel US$0.20 cheaper when paying with bitcoin through the application.
Paxful integrates with Lightning Network
Paxful, the global peer-to-peer fintech platform, today announced its global integration with Lightning Network. More than seven million Paxful users will now be able to harness the power of Lightning Network, a system built on the Bitcoin (BTC) network. Lightning Network allows users to transfer Bitcoin in a matter of seconds with much lower fees.
CoinDesk says El Salvador will encourage foreign investment with the use of Bitcoin
According to CoinDesk newspaper, El Salvador is trying to encourage foreign investment having adopted bitcoin as legal tender.
ASTIC to hold work stoppage due to the use of Bitcoin in the country
The Asociación Salvadoreña de Transporte de Carga (ASTIC), will hold a work stoppage if article 7 is not modified so as not to be affected in their transportation service payments and that the sector is excluded from the use of Bitcoin and the application.