New York-based Fitch Ratings has downgraded El Salvador’s long-term foreign currency issuer default rating (IDR) to “CCC” from its most recent rating of “B-.” “In Fitch’s view, weakening of inst...
Tag: Salvador
200 Bitcoin ATMs accepted by private bank in El Salvador
Bitcoin ATMs have been accepted as collateral for USD 1.5m loan by state run El Salvador Bank Athena Holdings El Salvador was formed just seven months after the lawmaking bitcoin a legal tender in the...
El Salvador to Elevate Bitcoin Status by Issuing Bonds
El Salvador is planning to issue its first bitcoin bond next month, the Central American country’s Finance Minister Alejandro Zelaya announced. Zelaya elaborated that El Salvador is working to h...
El Salvador plans to issue first bitcoin bond next month
El Salvador plans to issue its first “bitcoin bond” next month, finance minister Alejandro Zelaya said on February 8. Speaking on a local news program, Zelaya said that the government is planning to h...
Here’s how El Salvador is trying to improve the Chivo Wallet
El Salvador’s state-provided bitcoin wallet has had a rough early going. But since then, the government has hired some new US companies to take on the task of improving the app. Chivo, which now coun...
El Salvador Takes Swipe At The IMF — President Bukele Predicts Huge Price Gains For Bitcoin ⋆ ZyCrypto
Advertisement     El Salvador is not going to bend to the IMF’s will. In their most recent report, the IMF expresses similar concerns about volatility and consumer pro...
El Salvador Ranks Top in Bitcoin Searching on Google, Follows by Nigeria
The growing interest in Bitcoin (BTC) continues to draw attention from the market, as El Salvador takes the helm of Google searches. Economist Jan Wustenfeld confirmed: “El Salvador is number o...
El Salvador Mocks the IMF, Says It Will Keep Using BTC
Nayib Bukele – the president of the Central American country of El Salvador – is telling the International Monetary Fund (IMF) to “talk to the hand” because he’s clearly not listening. El Salvador Isn...
Paxful rolls out a Bitcoin education center in El Salvador
Paxful, a leading peer-to-peer (P2P) crypto trading platform, has opened an education and training center that focuses on Bitcoin (BTC/USD) in the heart of El Salvador. The firm unveiled this news via...
El Salvador Chivo Bitcoin Wallet Relaunch To Serve 4 Million Users
El Salvador, a country that has become infamous for being the first sovereign nation to accept bitcoin as a legal tender, continues its journey through uncharted waters. To make this move a reality, t...
Bitcoin Education Centre Opens In El Salvador
El Salvador – the first country to make Bitcoin legal tender – is now home to a Bitcoin education center. It aims to boost familiarity with the technology and benefits of cryptocurrency among a popula...
Paxful launches a Bitcoin education center in El Salvador to boost adoption
El Salvador allowed the use of Bitcoin as legal tender last year. However, the major issue with this move was that many Salvadorans did not have knowledge about the cryptocurrency market. Paxful is st...
El Salvador set to launch Bitcoin training center
TL; DR Breakdown El Salvador will launch a Bitcoin training center Paxful will set up the training center 90% of El Salvadorians do not know Bitcoin The popularity of Bitcoin coupled with the massive ...
Bitcoin education center launches in El Salvador to boost adoption
Major peer-to-peer (P2P) Bitcoin (BTC) platform Paxful is working to help Salvadorans better use BTC as the cryptocurrency became legal tender in El Salvador last year. Paxful on Wednesday announced t...
El Salvador uses AlphaPoint to manage the Chivo Bitcoin wallet
El Salvador has switched frontend and backend technology providers for its Chivo Bitcoin wallet, appointing AlphaPoint. The company will address issues that have arisen with the wallet of choice for 4...
El Salvador to Fix Chivo Wallet’s Issues by Partnering With AlphaPoint
The government of El Salvador and the American financial technology provider – AlphaPoint – joined forces to improve the technology for the Chivo wallet. The feature allows access to bitcoin for milli...
El Salvador Switches Tech Providers — Chooses Alphapoint to Operate Chivo Bitcoin Wallet – Bitcoin News
On February 2, 2022, the blockchain infrastructure provider Alphapoint has announced that the Salvadoran government has chosen the firm to operate the bitcoin wallet Chivo. The bitcoin wallet is the l...
Who Cares about the IMF? El Salvador Improves its Bitcoin Infrastructure Despite Warnings
Feb 02, 2022 at 14:24 // News El Salvador is improving its bitcoin circulation infrastructure despite warnings from the IMF. It seems that the country is looking for a way to become truly independent....
El Salvador to update Chivo wallet to facilitate Bitcoin (BTC) transfers
El Salvador became the first country to adopt Bitcoin as legal tender last year. To make its BTC initiative possible, the country launched the Chivo wallet to facilitate the transfer of Bitcoin locall...
El Salvador Fires Back at IMF Amid Bitcoin Row
The government of El Salvador has responded to the International Monetary Fund’s (IMF) recommendation to drop the use of Bitcoin as legal tender, per the Associated Press. “No international organizat...
El Salvador set to launch updated version
TL; DR Breakdown El Salvador set to launch updated Chivo wallet AlphaPoint will develop the updated wallet El Salvador plans to build 1,500 Bitcoin ATMs Since the launch of Bitcoin, there have been ma...
El Salvador Deploys 1500 BTC ATMs, Relaunch Chivo Wallet; Success Could Usher A Crypto Revolution
El Salvador was the first nation which accepts Bitcoin(BTC) as a legal tender, and the country is now focusing on relaunching the Chivo wallet. The El Salvador Nayib Bukele led government focuses on C...
El Salvador Rejects IMF Call to Abandon Bitcoin as Legal Tender – Regulation Bitcoin News
El Salvador has rejected the recommendation by the International Monetary Fund (IMF) to drop bitcoin as legal tender. The country’s finance minister reportedly “angrily” said, “No international organi...
Bitcoin Price Rises As El Salvador Rejects IMF Call To Ditch BTC
Bitcoin started rising with the news El Salvador rejected the IMF request to drain BTC as a currency. In response, Bitcoin grew to a 14-day high price level, adding more than a quarter trillion US dol...
El Salvador Taps AlphaPoint to Fix State-Sponsored Bitcoin Wallet Chivo
In brief El Salvador’s state-sponsored Bitcoin wallet had numerous problems after its September launch. A U.S. software company has been hired to fix them. El Salvador’s government today announc...
Nayib Bukele fires back after the IMF said El Salvador should drop BTC
Salvadoran leaders have come out to strike back at the International Monetary Fund (IMF) after the international financial institution suggested that the country stop using Bitcoin (BTC/USD) as legal ...
a gigantic price increase for the President of El Salvador
Nayib Bukele, the President of El Salvador, expects a giant price increase for Bitcoin. There are more than 50 million millionaires in the world. Imagine when each one of them decides they should own...
El Salvador rejects IMF’s proposal to remove Bitcoin as a legal tender
TL/DR: Breakdown El Salvador Finance minister firmly dismissed IMFs bid to drop Bitcoin as a legal tender. The IMF stated that Bitcoin could cause financial instabillity, amongst others. El Salvador i...
El Salvador Strikes Back at IMF’s Demand to Drop Bitcoin
Key Takeaways El Salvador Finance Minister Alejandro Zelaya has responded to recent demands from the International Monetary Fund. The IMF urged El Salvador to drop the cryptocurrency’s legal sta...
El Salvador President Reveals ‘Gigantic’ Bitcoin Bet As Ethereum, BNB, Solana, Cardano And XRP Rally
Bitcoin and cryptocurrency prices have begun to bounce back following a major sell-off through January (possibly helped by some huge price predictions). The bitcoin price is up almost 10% since this t...
El Salvador and Bitcoin, from Italy a defense against the IMF
After the note in which the IMF communicated its analysis on El Salvador in which it suggested removing Bitcoin from the status of legal tender, an Italian MP commented in defense of the Central Ameri...
El Salvador president predict Bitcoin surge
TL; DR Breakdown El Salvador president predicts massive Bitcoin rise Bukele makes a case for Bitcoin’s supply Bitcoin continues to decline Over the last few weeks, the crypto market has continued to b...