Subsidiary of Mexican airline Volaris accepts Bitcoin payments
El Salvador’s Bitcoin adoption agenda continues apace, this time extending to a local airline. Go to Source Powered by WPeMatico
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Bitcoin adoption won’t affect IMF talks, says El Salvador’s top central banker
The country’s central bank chief does not see the recent Bitcoin adoption move hampering plans to secure an IMF loan. Go to Source Powered by WPeMatico
El Salvador removes BTC price feed from Chivo app to crack down on arbitrage scalpers
Users of the Salvadoran government’s Chivo wallet will not be able to see frozen price quotes until the feature has been removed to deter arbitrage scalpers. Go to Source Powered by WPeMatico
Salvadoran President Nayib Bukele Taunts Economist Steve Hanke After Bitcoin’s Price Skyrockets
On October 15, the day bitcoin’s price surpassed the $60K per unit handle, Salvadoran president Nayib Bukele taunted the professor of applied economics at Johns Hopkins University, Steve Hanke, over his recent statements. At the time, the well known economist warned that El Salvador faces “financial ruin” with “Bukele at the helm,” after El Salvador’s … Read more
Salvadoreans are now selling ‘way more’ US Dollars to buy Bitcoin
President Bukele confirms that Chivo has reported 24,076 remittance requests, which has added up to $3,069,761.05 in one day. Go to Source Powered by WPeMatico
Bank of Spain Criticizes El Salvador’s Foray Into Bitcoin
The Bank of Spain, the central bank of the country, criticized the adoption process El Salvador chose when declaring Bitcoin legal tender last month. In a report titled “The role of crypto assets as legal tender: the example of El Salvador,” the bank examines several pain points the country encountered while applying its bitcoin strategy, … Read more
BitMEX CEO predicts Bitcoin will be legal tender in five countries by 2022
Developing economies are more affected by issues related to remittances and inflation, BitMEX’s CEO said. Go to Source Powered by WPeMatico
Salvadoran President Nayib Bukele Announces Construction of Vet Hospital With Bitcoin Trust Funds
Nayib Bukele, president of El Salvador, announced yesterday he will start using surplus funds from the country’s bitcoin trust. Part of the $4 million excedent will be invested in a vet hospital that will offer different services for the pets of Salvadoran citizens. Bukele explained this is possible due to the bitcoin price increase in … Read more
El Salvador to build $4M veterinary hospital using profits from Bitcoin trust
Salvadoran president Nayib Bukele said no Bitcoin will be sold to fund the investment, with the state instead drawing USD from its Bitcoin trust. Go to Source Powered by WPeMatico
Arcane Research predicts 700 million Lightning Network users by 2030
Arcane Research says that Lightning Network usage has been on a steep upwards trajectory since late last year, but in September growth went parabolic off the back of El Salvador’s Bitcoin adoption. Go to Source Powered by WPeMatico