El Salvador Buys Back Bonds, Plans New Offering Launch
The bond repurchase is viewed as El Salvador attempt to allay concerns about a probable debt default. President Nayib Bukele said on Wednesday that the South American country had repurchased $565 million worth of its debts due in 2023 and 2025.El Salvador reportedly paid $432 million for 54% of the 2025 bond issue, according to […]
El Salvador celebrates first Bitcoin anniversary
Exactly one year ago on September 7, 2021. , the Central, American country El Salvador accepted the Bitcoin law to become the first nation in the world to accept Bitcoin (BTC) as legal cash. President Nayib Bukele of El Salvador pledged that the introduction of Bitcoin will help the 70% of the country’s population that […]
El Salvador Bitcoin bond faces delay due to internal security concerns
According to the CTO of Tether, El Salvador’s $1 billion Bitcoin bond which has once more been postponed is due to concerns where the nation’s security forces have had to confront the scourge of violence in the country. El Salvador, a country in Central America that recognized Bitcoin (BTC) as legal cash in September of […]
El Salvador’s Chivo wallet processed $52M in remittances in 2022
The El Salvador Central Reserve Bank reports that from January to May of this year, payment app Chivo has processed remittances from Salvadorans residing abroad totaling about $50 million. The $52 million in remittances that Chivo, a national digital wallet service , processed over the first five months of the year, was a significant finding. […]
Qredo receives approval to provide crypto services in El Salvador
Qredo, a decentralized finance company, has been approved as a Bitcoin (BTC) service provider in El Salvador. The move adds the company to a list of registered Bitcoin service providers in the country. The Central Reserve Bank of El Salvador accepted Qredo’s registration as a recognized Bitcoin service provider, according to the country’s Bitcoin Law, […]