Last Updated on April 16, 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
A year after El Salvador adopted Bitcoin as legal tender, it …
A year after El Salvador adopted Bitcoin as legal tender, it …
Owing to El Salvador’s $800 million sovereign bond due in January 2023 and an implied default probability of 48%, international financial …
El Salvador's Bitcoin Bet Isn't Paying Off – The New York Times
El Salvador's Bitcoin Bet Isn't Paying Off – The New York Times
But nearly a year after the country’s president, Nayib Bukele, shocked the financial world by making its most popular digital coin a national …
Salvadoran President Nayib Bukele's Broken Bitcoin Promise
Salvadoran President Nayib Bukele's Broken Bitcoin Promise
On September 7, 2021, bitcoin was officially introduced in El Salvador to much propagandistic fanfare and some discontent, including social …
Six months in, El Salvador's bitcoin gamble is crumbling
Six months in, El Salvador's bitcoin gamble is crumbling
When El Salvador officially made Bitcoin legal tender in September 2021, José Bonilla was one of the first citizens to sign up for a …
How Bitcoin Has Behaved After El Salvador … – NDTV.com
How Bitcoin Has Behaved After El Salvador … – NDTV.com
The initial rollout was marred by technical snags. The El Salvadoran government’s wallet, Chivo, was not available on many app stores. Then the …
What the crypto collapse means for El Salvador's economy
What the crypto collapse means for El Salvador's economy
In 2021, El Salvador became the first country to adopt Bitcoin as currency. NPR’s Adrian Florido asks business professor Julio Sevilla how …
El Salvador's Big Bitcoin Gamble Backfires to Deepen Debt …
El Salvador's Big Bitcoin Gamble Backfires to Deepen Debt …
In the year since El Salvador approved Bitcoin as legal tender, the nation has lost almost $56 million by gambling on the digital asset, …
Bitcoin in El Salvador – Wikipedia
Bitcoin in El Salvador – Wikipedia
El Salvador became the first country in the world to use Bitcoin as legal tender, after having been adopted as such by the Legislative Assembly of El …
El Salvador Botches Bitcoin Adoption – Foreign Policy
El Salvador Botches Bitcoin Adoption – Foreign Policy
On June 5, El Salvador President Nayib Bukele declared that bitcoin, the first cryptocurrency, would become legal tender in El Salvador.
Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.