Salvadoran – DIGIT INFO

Netflix Star Driving Bitcoin Adoption With Porsche Flying El Salvador Flag

DIGIT — Sat, 29 Apr 2023 13:50:03 +0000

Scottish-Salvadoran driver Sebastian Melrose has made his debut in the Porsche Carrera Cup racing championship. The 25-year-old, who took part in a popular Netflix TV series last year, drives a Bitcoin-branded 911 that features the flag of crypto-friendly El Salvador on its rooftop. Bitcoin Racing Team Joins Porsche Carrera Cup With Netflix Celebrity in the […]

Go to Source

Reports Claim Chivo Bitcoin Wallet Is Flagging Wasabi Transactions in El Salvador

DIGIT — Fri, 07 Apr 2023 21:00:15 +0000

According to several reports, the Salvadoran government-issued bitcoin wallet, Chivo, has been freezing wallets and requesting that owners verify the source of funds. The founder of El Zonte’s Bitcoin Beach stated that the government’s bitcoin wallet software is flagging and freezing wallets that receive transactions from Wasabi, a non-custodial bitcoin wallet that utilizes Coinjoin technology […]

Go to Source

Bitfinex to Donate $1.3 Million Worth of BTC and USDT to Communities in El Salvador

DIGIT — Fri, 15 Jul 2022 07:30:24 +0000

The crypto exchange Bitfinex announced on Thursday that the trading platform plans to donate 36 bitcoin and $600K worth of tether tokens to help bolster communities and small businesses located in El Salvador. According to Bitfinex, the funds will initially target small businesses in Salvadoran communities located in Apopa, Ilopango, and Soyapango. Donated Funds to […]

Go to Source

El Salvador’s Bitcoin Volcano Bonds Launch Still on Hold, According to Treasury Minister

DIGIT — Wed, 04 May 2022 12:30:45 +0000

The date of the launch of the Salvadoran bitcoin bonds, the instrument that would serve to build the announced Salvadoran Bitcoin City, is still unknown. Announced to be released earlier this year, the launch has been affected by the current war in Ukraine, and the deceleration of global markets. According to Treasury Minister Alejandro Zelaya, […]

Go to Source

Working Study Says Despite Legal Tender Status, Bitcoin Is Not a Widely Accepted Medium of Exchange in El Salvador

DIGIT — Wed, 27 Apr 2022 14:30:38 +0000

According to a working study published by the U.S. National Bureau of Economic Research (NBER), most Salvadorans stopped using the Chivo wallet after getting their $30 bitcoin bonus. The report shows that the median Chivo wallet user made no deposits or withdrawals in a given month. NBER Study: Only 4 out of 10 Salvadorans Use […]

Go to Source

El Salvador to build $4M veterinary hospital using profits from Bitcoin trust

DIGIT — Mon, 11 Oct 2021 05:04:49 +0000

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

El Salvador introduces fuel subsidy of $0.20 per liter to locals who pay in BTC

DIGIT — Mon, 04 Oct 2021 04:36:19 +0000

El Salvador is looking to bolster adoption of its government-issued Chivo Bitcoin wallet by offering discounts on petrol purchases of $0.20 per liter to consumers who pay using BTC.

Go to Source

’30for30′ Bitcoin Solidarity With El Salvador Trend Tries to Convince People to Buy $30 in BTC Tomorrow

DIGIT — Mon, 06 Sep 2021 17:30:01 +0000

It’s a big day for El Salvador this Tuesday, as the country’s new legal tender law will be enforced. A great number of bitcoin supporters have plans to purchase $30 worth of bitcoin to show support for the upcoming implementation of the bitcoin tender law. The $30 increment was conceived because Salvadoran president Nayib Bukele […]

Go to Source

70% of Salvadorans opposed to Bitcoin Law as Sep. 7 implementation draws near

DIGIT — Fri, 03 Sep 2021 03:29:38 +0000

The majority of El Salvadorans are skeptical of the country’s impending Bitcoin Law, with 90% of locals describing their understanding of crypto as poor or non-existent.

Go to Source

Salvadoran President Nayib Bukele Promises Bitcoin Law Won’t Be Forced on Citizens

DIGIT — Tue, 24 Aug 2021 06:30:45 +0000

On August 23, the president of El Salvador spoke about the upcoming bitcoin tender law set to take effect on September 7. Salvadoran president Nayib Bukele said that bitcoin will not be mandated by force and “if they want” they can accept bitcoin and they can say “no” if they are not interested in using […]

Go to Source