Last Updated on December 22, 2023 by Paganoto
El Salvador bitcoin experiment not saving country's finances
El Salvador bitcoin experiment not saving country's finances
In Sept. 2021, El Salvador became the first country to adopt bitcoin as legal tender. The initiative involved buying bitcoin with public funds, as well as launching a national virtual wallet called “chivo” (Salvadoran slang for “cool”) that offers no-fee transactions and allows for quick cross-border payments.Jun 25, 2022
Six months in, El Salvador's bitcoin gamble is crumbling
Six months in, El Salvador's bitcoin gamble is crumbling
The law made El Salvador the first country to accept Bitcoin as legal tender and required businesses to accept it as payment.
Bitcoin in El Salvador: How will it work? – France 24
Bitcoin in El Salvador: How will it work? – France 24
Bitcoins are loaded onto digital wallets and accessed via a mobile app. In El Salvador, the wallet is called “Chivo,” which translates as “cool” …
El Salvador's law: a meaningful test for Bitcoin – PwC
El Salvador's law: a meaningful test for Bitcoin – PwC
El Salvador government should create the regulatory framework and finalize a system for the conversion of bitcoin to US Dollar as all businesses must accept …
In Global First, El Salvador Adopts Bitcoin as Currency
In Global First, El Salvador Adopts Bitcoin as Currency
To promote Bitcoin’s use, the government launched a digital wallet, called “Chivo,” which is Salvadoran slang for cool, and will pay a $30 …
How El Salvador Is Testing Bitcoin's Promise of Financial Liberty
How El Salvador Is Testing Bitcoin's Promise of Financial Liberty
As cryptocurrency enters global finance, an experiment in El Salvador could offer clues on whether it will bring a more libertarian economy …
Bitcoin: Will El Salvador's big crypto gamble pay off? – BBC
Bitcoin: Will El Salvador's big crypto gamble pay off? – BBC
The crash is affecting investors worldwide, including the government of El Salvador. The Central American country has poured millions of dollars …
El Salvador Bitcoin city planned at base of Conchagua volcano
El Salvador Bitcoin city planned at base of Conchagua volcano
El Salvador recently became the first country to use Bitcoin as legal tender. The move led to large-scale protests over fears the cryptocurrency …
El Salvador's leader wants to go in even bigger on bitcoin – NPR
El Salvador's leader wants to go in even bigger on bitcoin – NPR
Last year, Bukele got El Salvador to become the first nation to adopt bitcoin as legal tender, right alongside the national currency, the U.S. …
Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.