Tag: president bukele

Oct 18 2021

News From El Salvador, Mid October: Bitcoin Earnings, Pet Hospital, Motorcycles

Time to check back with El Salvador. Their Bitcoin experiment is well underway, and it’s already showing results. Are these results positive or negative? You be the judge of that. We’ll just present the facts, the tweets, and the photos. Can you believe everything the people we’re quoting say? Of course not. Everyone has an agenda. However, a clear picture is emerging. And...

Oct 10 2021

ETH’s Vitalik Buterin Blasts El Salvador’s Bitcoin Law. Is He On To Something?

It seems like Vitalik Buterin was dying to comment on El Salvador’s Bitcoin Law. A pseudonymous user posted this unpopular opinion on Reddit: El Salvador President Mr Nayab Bukele should not be praised by Crypto community.”...

Oct 08 2021

Salvadorans are buying more Bitcoin (BTC) than withdrawing from Chivo ATMs

A new tweet from El Salvador’s President, Nayib Bukele has hinted that the mass adoption of the leading digital asset, Bitcoin, in the country is still growing en masse as more money is being used to purchase the coin. Salvadorans keep buying Bitcoin According to the President’s tweet, “Salvadorans are inserting more cash (to buy #bitcoin) than what they are...

Oct 04 2021

News From El Salvador, Early October: The Chivo Ecosystem’s Stress Test

Another month, another Bitcoin mined using volcanic power. That’s what’s happening in El Salvador, the little country that could. Plus, Moneygram alters its business. Problems and solutions with Chivo ATMs and the Chivo ecosystem as a whole. Stars in Bitcoin Beach and direct reports from the ground. This edition of our now regular news roundup comes full of action and heartwarming stories, so...

Sep 29 2021

The President Shows El Salvador’s Volcano Bitcoin Mining Rig’s “First Steps

Many people doubted Nayib Bukele’s Volcano Bitcoin Mining plans, but here we are. The president shared a video via Twitter in which we can see an El Salvador government-branded container arriving at the geothermal power plant. The reveal is that the container is full of Bitcoin mining rigs and you can see the technicians plugging them in. Bukele’s tagline is a mysterious “...

Sep 02 2021

News From El Salvador, Early September: TV Spot, Chivo Leaks, And BTC Smiles

El Salvador ’s Bitcoin Law goes into effect on September 7th. Legal tender day is just around the corner, and you know what that means. It’s time for another news roundup! How’s the growing excitement treating El Salvador? Is there any pull-back from the general public? Does El Salvador ‘s first Bitcoin tv spot explain the technology clearly? Does the image below show...

Aug 26 2021

El Salvador’s Central Bank Issues Guidelines For Banks, Raises Questions

El Salvador’s Central Bank opened the door for banks to develop their own wallets. The organization published the "Guidelines for the Authorization and Operation of Digital Wallet Platforms...

Aug 25 2021

Central American Bank For Economic Integration Bullish On Bukele’s Bitcoin Bet

As September 7th approaches, all the participants raise their heads. The Central American Bank For Economic Integration sat down with Reuters to discuss...

Aug 24 2021

President Bukele Guarantees Zero Commissions, Shows Confidence In Bitcoin Law

To respond to the opposition’s claims and announce several key aspects of his Bitcoin Law strategy, President Bukele used a tweetstorm. On September 7th, El Salvador’s Bitcoin experiment goes into full effect. The...

Jul 09 2021

Many El Salvadorans Are Skeptical Of Bitcoin Adoption As Legal Tender

Jul 09 2021 Published at Bitcoinist.com under tags  bitcoin btc el salvad president bukele

According to a poll releaased on Thursday, more than three-quarters of Salvadorans are skeptical of President Nayib Bukele's quest to recognize bitcoin as an alternative legal tender. El Salvadorans Are Skeptical Of Bitcoin El Salvadorans' opinions on the government's bitcoin plan were disclosed in a recent poll, according to...

Jul 08 2021

Worldwide Adoption: Mexico And Argentina Flirt With Bitcoin Law

The road to worldwide adoption starts with one step. El Salvador took it with their Bitcoin Law. After their announcement, every country in the region seems to be testing the waters in its own way. And now it’s Mexico and Argentina’s turn. If we take out Portuguese-speaking Brazil, these two are the biggest markets in Spanish-speaking Latin America. And they’re both flirting with...

Jun 29 2021

President Bukele Clears Up Misconceptions About The Government’s Chivo Wallet

On June 24th, in a national broadcast, President Bukele cleared up misconceptions about El Salvador’s Bitcoin Law and presented the government’s wallet. That created a whole lot of new misconceptions about the app itself, the newly minted Chivo Wallet. Most of...

Jun 26 2021

Volcano Mining And President Bukele ’s Bitcoin Insights

As El Salvador prepares for the Bitcoin law to come into force, Bitcoinist keeps analyzing President Bukele ’s words. And he keeps using the right ones, “The Bitcoin system is so perfect, that I think it’s going to be the future. It’s the present, but it’s going to get bigger in the future.” That was one of the reasons that inspired...

Jun 24 2021

President Nayib Bukele Explains El Salvador’s Bitcoin Law

We at Bitcoinist already analyzed the controversial Article 7 from El Salvador’s Bitcoin Law from every angle. But, did we? The President himself, Nayib Bukele, defends and explains it in a way that leaves little...

Jun 21 2021

Article 7: Is It Obligatory For Vendors To Receive Bitcoin In El Salvador?

Every economic agent in El Salvador must find a way to accept Bitcoin and the law comes into force in less than 90 days. Yikes! The controversial Article 7 of President Bukele’s Bitcoin law sparked analysis, a few interesting conversations, and doubt. Can they even enforce it? Is it ethical? Aren’t they coercing the population? Is it necessary? Is there something everyone’s missing?...

Jun 19 2021

El Salvador And Bitcoin: Jack Mallers Reveals The Inside Scoop

It might be the biggest story of 2021. Since El Salvador made Bitcoin legal tender, all eyes are on the Central American nation. Strike’s Jack Mallers was the person that delivered this world-shattering news. The exclusive...

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