President Bukele Explains How El Salvador Benefited From Legalizing Bitcoin
El Salvador’s political leader outlined in a recent interview the most important advantages which adopting bitcoin as a legal tender brought to his nation. First, it made the Latin American country much more attractive to travelers, boosting tourism by approximately 95%.
Cointime News Wrapup-Afternoon Version: Galaxy Digital CEO ‘Wouldn’t be Surprised’ if Bitcoin Hit $30K This Quarter
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El Salvador to Establish “Bitcoin Embassy” in Texas to Promote Adoption of Digital Assets
El Salvador, the first country in the world to make Bitcoin legal tender, plans to open a “Bitcoin embassy” in Texas, the country’s U.S. ambassador, Milena Mayorga, tweeted on Wednesday. This follows a similar initiative in Switzerland last year to support the use of cryptocurrencies. Mayorga described Texas as a “new ally” and said she had met with Deputy Secretary of the Government of Texas, Joe Esparza, to discuss opening the Bitcoin office and the expansion of commercial and exchange projects. Texas is host to major Bitcoin mining operations. (forkast)
El Salvador To Open a ‘Bitcoin Embassy’ in the United States
The world’s biggest cryptocurrency, Bitcoin (BTC), is connecting more countries as the government of El Salvador is opening a “Bitcoin Embassy” in the United States.
IMF Warns El Salvador Against Using Tokenized Securities to Fund Bitcoin Purchases
The International Monetary Fund (IMF) has cautioned El Salvador against using tokenized bonds to fund Bitcoin purchases and urged it to reconsider its plan to expand its exposure to the cryptocurrency.
IMF Slams El Salvador Bitcoin Bonds (Again), But Tourism Spikes 30%
The International Monetary Fund (IMF) has issued a critical statement regarding El Salvador’s Bitcoin bonds. The global body published a report stating that the country should address any risks.
El Salvador’s Bitcoin Risks ‘Have Not Materialized,’ IMF Says
The International Monetary Fund said the risks of El Salvador's bitcoin adoption "have not materialized" — primarily thanks to its "limited" use — but caution is warranted.
XRP Legder-Based Bitcoin Spending Solution Sets its Sights on El Salvador
SpendTheBits naturally see “Bitcoin country” as its next stomping ground.
El Salvador’s Volcano Token All Set To Go Live This Year
The Latin American country El Salvador is closer to realizing its dream of creating the Bitcoin City. As per reports, crypto exchange Bitfinex will issue the country’s long-awaited “volcano” tokens this year in 2023. The Volcano token is basically a Bitcoin bond issued using blockchain technology and will trade on the Bitfinex exchange. Paolo Ardoino, the Chief Technology Officer at Bitfinex said that he sees sufficient demand for the proposed $1 billion Bitcoin bond for El Salvador. (coingape)
El Salvador’s Volcanic Bitcoin City Wins International Architectural Design Award
Nearly two and a half years after becoming the first country to adopt Bitcoin (BTC) as legal tender, El Salvador has won an international award for its ambitious and environmentally friendly Bitcoin City, which is set to be built at the base of a volcano.
