Monica Taher, in charge of technological and international economic affairs at the Secretaria de Comercio e Inversiones del Gobierno de El Salvador, presented four ways in which salvadorans can invest this based on Bitcoin.

Here are the four forms of trading in which salvadorans can invest in.

• Bitcoin ATMs:

Since the first bitcoin ATM was installed in Canada in 2013, the number of ATMs installed around the world does not stop increasing, so salvadoran companies could become exporters of these ATMs to the rest of the world.

Bitcoin ATMs are similar to any other ATM, except that they exchange real money for cryptocurrencies and vice versa.

Just like bank ATMs, you get the benefits when you collect the corresponding commission for the transactions made, which you can collect in Bitcoin.

Several factors indicate that cryptocurrencies are the money of the future, so setting up an ATM manufacturing and placement business is a great bet.

• Open an Exchange:

An Exchange is a virtual platform where currency exchanges are carried out, that is, cryptocurrencies are bought and sold, in the case of our country, for the moment, it would be an exchange exclusively for Bitcoin.

The exchanges work as intermediaries between traders or users where they can exchange fiat money (dollars in the salvadoran case) for Bitcoins and vice versa.

To have your own exchange you must make a considerable investment because you must have sufficient liquidity to make the exchange of Bitcoin to traditional currency, dollars in our case.

Partnering with a company abroad to open a "white label exchange".

The white label exchange business is a solution, if you intend to start creating a website for Bitcoin exchange, and you cannot invest that much or has that much liquidity.

White label businesses are characterized by a company that has already developed its product or service letting another one take it over and put its own name on it by presenting it as another independent business.

If you resort to a white label exchange, you can save yourself the high cost and great complexity of the software needed to carry out the exchange of Bitcoins since with this system you can work with software developed by others and customize it with your own brand and then offer it to others, earning profits for it.

• Consulting company:

The company could offer its services in three areas:

Business model of consultancies on the subject of cryptocurrencies, Bitcoin in particular and consultancies in the incorporation of blockchain technology for diversity of industries

Offer training courses, seminars, conferences or diploma courses on the subject of Bitcoin and Blockchain for employees of various types of companies.

A consulting firm that teaches and accompanies in all the steps to follow for companies abroad that want to incorporate a company in El Salvador (attracted by the legalization of the use of Bitcoin). A consulting firm that is responsible for their "onboarding" in the country, to take them to the relevant government agencies, to introduce them with a law firm and accompany them in general with all the guidance and steps to open operations in El Salvador.

• Invent new cybersecurity systems for transactions:

Although blockchain technology is extremely secure, it attracts hackers from all over the world, so opening a company that offers tools to keep Bitcoin transactions secure is a very promising business plan.