Displaying items by tag: BITCOIN

The Consejo Salvadoreño del Café (CSC) highlighted that investor Samson Mow was visiting the country, precisely to seek opportunities with this agribusiness.

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, 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.

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.

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.

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.

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, 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.

According to CoinDesk newspaper, El Salvador is trying to encourage foreign investment having adopted bitcoin as legal tender.

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.