El Salvador’s Bitcoin journey starts with a price crash and technical difficulties
The government’s official Chivo Wallet have experienced some technical issues following it debut and Bitcoin has seen a 10% price crash since becoming a legal tender in El Salvador. The difficulties of Bitcoin becoming legal tender in El Salvador have been excruciating . There have been protests in the streets, critics imprisoned without charge by […]
Bitcoin is the internet of value transfer, notwithstanding its price crash: says Novogratz
According to millionaire Bitcoin bull Mike Novogratz, retail investors had legitimate reasons to overextend in the cryptocurrency market. In the wake of a Bitcoin (BTC) price drop on Tuesday, the day the largest cryptocurrency became legal money in El Salvador, the cryptocurrency market has returned to its previous extremes of price swings and volatility. However, […]
Merchants must process BTC transactions — or they may face action says Salvadoran official
Despite the fact that businesses in El Salvador must accept Bitcoin transactions, a government official has stated that they have the option of choosing whether to take BTC or US dollars as payment for those transactions. On the day before the country’s controversial Bitcoin Law , which recognizes bitcoin as legal cash, went into effect, […]
McDonald’s outlets in El Salvador reportedly accepts Bitcoin for payments
The legalization of Bitcoin in El Salvador is now a reality and this has opened new payment possibilities for its inhabitants. In this light, fast food empire McDonald’s located in the country reportedly starts accepting Bitcoin. Bitcoin-as-a-payment is becoming reality in El Salvador after the country formally recognized the cryptocurrency as legal tender. El Salvador’s […]
El Salvador’s official Bitcoin wallet Chivo to be launched with the help of Bitso
Bitso, a Mexican cryptocurrency exchange, has been revealed as a key partner for El Salvador’s government-issued Bitcoin wallet. Chilean cryptocurrency exchange Bitso , a key player in the Latin American cryptocurrency market, will serve as the primary crypto service provider for El Salvador’s official Bitcoin (BTC) wallet, known as Chivo. Coinciding with Bitcoin becoming legal […]