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As a development bank for El Salvador, BANDESAL created a $150 million trust fund to guarantee the convertibility to dollars for citizens and merchants. Go to Source Powered by WPeMatico
Amid the chaotic economy, plagued with central bank tinkering, supply chain issues, and red-hot inflation, the professor of applied economics at Johns Hopkins University, Steve Hanke believes a “pretty big recession” will take place in 2023. Speaking in an interview on Oct. 28, Hanke said that he updated the probability of a U.S. recession to … Read more
As part of the agreement, El Salvador will establish a physical government presence in an effort to “foster cooperation with educational and research institutions.” Go to Source Powered by WPeMatico
A recent poll completed by the Public Opinion University Institute, part of the Simeon Canas Centroamerican University, has found that El Salvador is still not attracted by the idea of bitcoin as legal tender. The poll results indicate that almost two-thirds of the population has a negative impression of bitcoin, with only a quarter of … Read more
Spain currently hosts 215 crypto ATMs, pushing El Salvador — home to 212 crypto ATMs — down to the fourth position after surpassing the country by 3 crypto ATMs. Go to Source Powered by WPeMatico
Less than 40% of surveyed respondents said they supported the approval of Bitcoin as legal tender. Go to Source Powered by WPeMatico
The latest edition has included a host of achievements from “Cryptomania” including the record CryptoPunk NFT sale and El Salvador becoming the first country to adopt BTC as legal Tender. Go to Source Powered by WPeMatico
During the last two years, a number of public and private companies, exchange-traded products (ETPs), and countries have added bitcoin to their balance sheet. However, during the last nine months of 2022, the number of bitcoin stored in these types of treasuries dropped by 57,481 bitcoin, worth around $1.1 billion using today’s exchange rates. $1.1 … Read more
The El Salvador official noted that the government is looking to attract more investments to its Bitcoin City with special incentives for businesses investing early. Go to Source Powered by WPeMatico
Rome wasn’t built in a day, and it will also take some time for every country on Earth to adopt BTC. Go to Source Powered by WPeMatico