Tag: el salvador

Aug 02 2021

Bank Of America Sees Opportunities With El Salvador’s Bitcoin Adoption

BofA sees four upsides to Bitcoin adoption in El Salvador, including remittances, financial digitalization, and foreign investments.Nayib Bukele, President of the Central American country El Salvador, tweeted yesterday screenshots of an economic viewpoint report by the Bank of America (BofA). Along with detailing why the bank is constructive...

Jul 31 2021

Jul 30 2021

Aljazeera Vs. El Salvador’s Bitcoin Law: The Good, The Bad, And The Ugly

It’s time to turn our heads to the Arabic world. How does the Qatar-based international news station Aljazeera sees El Salvador’s Bitcoin Law? Are they as lost as western media or can they handle themselves in the cryptocurrency space? Well, their journalistic report is balanced and complete. Aljazeera gives you the good and the bad. They’re still confused about a few concepts, but...

Jul 28 2021

The American Press Vs. El Salvador: Forbes and Vice, Good Cop Bad Cop

Did El Salvador’s Bitcoin story lose steam? Perhaps. However, Forbes and Vice are on the case. The press is still monitoring the situation and Bitcoinist is still monitoring the press. With that dynamic in mind, we compiled the best and worse of the latest press coverage of El Salvador’s Bitcoin Law. You'll be offended. You'll be pleasantly surprised....

Jul 24 2021

Did El Salvador Just Represent Bitcoin (BTC) at Tokyo Olympics?

Tokyo Olympics 2020 officially started on 23rd July amid Covid restrictions and after year-long delays. The key event began with a dazzling opening ceremony with 206 participating nations joining the celebrations with a parade of athletes. A South Korean broadcaster used an image to represent each country and for El Salvador, they used Bitcoin's image. The post Did El Salvador Just Represent Bitcoin...

Jul 23 2021

EL Salvadorians Go On The Streets In Protest Against Adoption Of Bitcoin As Legal Tender

Despite a three-month restriction on protests, a group of El Salvadorians comprised of leftist unions, student organisations, and others gathered at the Legislative Assembly to denounce the country's acceptance of Bitcoin as its official currency. El Salvadorians Are Divided On Bitcoin Adoption A group of demonstrators gathered...

Jul 21 2021

An In-Depth Review Of El Salvador

In this episode of "Fed Watch," the hosts went in depth on El Salvador and the potential benefits of its bitcoin adoption.Watch This Episode On YouTubeListen To This Episode:...

Jul 15 2021

Interview: Bitcoin Beach And The El Salvador Bitcoin Law

Leaders from Bitcoin Beach, the community in El Salvador, discussed their work and the recent legal tender law.Watch This Episode On YouTubeListen To This Episode:...

How Bitcoin Will Impact El Salvador’s Geopolitics

Jul 15 2021 Published at Bitcoin Magazine under tags  culture economy el salvador history

A survey of the history, economy, geography and demographics of El Salvador demonstrate that the adoption of Bitcoin will be a major success.Bitcoin will be a success in El Salvador, boosting remittances, industry and gains from remuneration. Per capita GDP is likely to double over the next decade as remittances, the energy sector and tourism all grow.El Salvador made waves in...

Jul 13 2021

El Salvador Needs To Understand The Bitcoin Network

It is important for the country to adopt bitcoin not only as a medium of exchange, but as a store of value on chain.Recent news from El Salvador has sparked well deserved interest among Bitcoiners and in the mainstream media. The most pressing question is how ordinary Salvadorans will actually use bitcoin in everyday life. For example, will it be possible to...

Jul 12 2021

El Salvador Airdrops Bitcoin: 3rd Country to Give It a Shot

Jul 12 2021 Published at AirdropAlert under tags  airdrops bitcoin el salvador news trending

Members of the crypto community tend to associate the word ‘airdrop’ specifically with cryptocurrencies. But it may surprise you that the concept has been in vogue even outside the crypto domain. They might not have used the specific word, but the idea was already there. Thus, when the European Union introduced the Euro as a […] The post...

That JPMorgan Report On El Salvador Doesn’t Even Mention The Lightning Network

How embarrassing! As more details about JPMorgan ’s “The Bitcoinization of El Salvador” report come to light, the reality of the situation settles. Traditional organizations don’t have a clue that the Lightning Network exists and is up and running. More so, Bitcoin is legal tender in El Salvador because and only because El Zonte is a living and breathing example of the Lightning...

Jul 10 2021

News From The El Salvador Experiment, Mid July: More ATMs and CNN

This week was low on high-profile people news but high in community building and hard work. Everyone seems to be waiting to see where the chips fall before making any decisions. Except for the people of El Zonte, they can’t stop and won’t stop building. As the big September date approaches, we’ll see where everyone in the world lands in relation to the...

This Country Could Make Bitcoin a Legal Tender After El Salvador

Jul 10 2021 Published at Coingape under tags  bitcoin bill bitcoin news btcbrl btcbusd btcdai

El Salvador, the small Latin American state created history in June after it became the first country to pass Bitcoin as a legal tender. The Bitcoin Bill was passed by the country's congress with a resounding majority and the President assured the decision was no gimmick. Now El Salvador could be joined by another Latin The post This Country Could Make Bitcoin a...

UN’s ECLAC not in favor of El Salvador’s Bitcoin (BTC) Legal Tender

UN’s regional commission, the Economic Commission for Latin America and the Caribbean (ECLAC) has shown apprehension on El Salvador’s Bitcoin incorporation as a Legal Tender. With this ECLAC has joined the long line of organizations that have shown discomfort with making the use of decentralized currency legal in daily routine by El Salvador. Alicia Bárcena The post UN’s ECLAC not in favor of...

Jul 09 2021

Jul 08 2021

Scaling Lightning: To El Zonte… And Beyond!

The path forward for Bitcoin is clear, with a revolution in the ability to transfer value occurring right in front of us.Here’s a philosophical question for Star Wars fans: when Luke fired two proton torpedoes down the thermal exhaust port and destroyed the first Death Star, was it the end of the story or the beginning? On the one hand, the Rebel...

Jul 06 2021

An Answer To Wired’s Hit Piece On Bitcoin And El Salvador

Once upon a time, Wired was a staple of cutting-edge-technologic culture. Their name carried weight. Their journalism was a sight to behold. Then, global media company Condé Nast bought the magazine. It immediately devalued the brand, but that wasn’t the real damage. Their texts disappeared from public consciousness. Nobody cared about what Wired had to say anymore. And now, we know...

Jul 03 2021

News From El Salvador, Early July: Bukele, El Zonte, And The ATM Factory

The Bitcoin train is moving fast in El Salvador. The law that makes it legal tender goes into effect in September, but the first Bitcoin company is already up and running. Also, a member of the US government and Reuters have President Bukele in their minds. Plus, concrete improvements in El Zonte, the land of Bitcoin and the Lightning Network. Related Reading |...

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