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El Salvador - Bitcoin News Related To El Salvador
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El Salvador focused on bringing investment to Bitcoin City, says ambassador
The El Salvador official noted that the government is looking to attract more investments to its Bitcoin City with special incentives for businesses investing early.
Tap-to-pay Bitcoin Lightning Bolt cards strike El Salvador
CoinCorner, a Bitcoin Lightning-based card payment service provider, is looking to install NFC card readers across El Salvador to offer a seamless retail BTC experience.
South Carolina Delegation Goes On Bitcoin Exploratory Trip To El Salvador
A group of business leaders along with the South Carolina State Treasurer traveled to El Salvador to learn about the country’s adoption of bitcoin.
Strike CEO: El Salvador’s Bitcoin Experiment Isn’t Over
In an interview this week, bitcoin payments firm Strike’s CEO said that El Salvador’s bitcoin-as-legal-tender experiment hasn’t hurt his company in any way, noting that its only involvement with the project was him giving President Nayib Bukele advice. He also said that he thought it had been a success, in a CoinDesk interview on Thursday […]
Fitch Says Bond Buy Won’t Lower El Salvador’s Default Risk
El Salvador has repurchased more than $500 million of its bonds at a huge discount, but that may not lessen its risk of a default at the beginning of 2023. While the country’s experiment with bitcoin as a legal tender has largely been a failure, with almost no one reportedly using the cryptocurrency as a […]
El Salvador's Bitcoin decision: Tracking adoption a year later
El Salvador made history last year in September by making BTC a legal tender. One year later, the falling BTC prices and delayed Volcanic bonds have fueled skepticism.
El Salvador Buys Back $565M Worth of Bonds, Plans to Launch New Offering in 8 Weeks
The bond repurchase is seen as an attempt by El Salvador to dispel rumors of a potential default on its debt.
El Salvador's pro-Bitcoin president Nayib Bukele announces reelection bid
Bukele says that despite past laws which prohibited the reelection of presidents, El Salvador can follow in the footsteps of developing nations.
El Salvador's Debt Rating Cut to CC at Fitch
Ratings company Fitch downgraded El Salvador’s long-term foreign currency issuer default rating (IDR), saying it is likely to default on a bond repayment due January.
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