Despite many real stumbles and skeptical mainstream coverage of Nayib Bukele’s Bitcoin initiative, both tourism numbers and remittance usage are already showing meaningful payoffs, says David Z. Morris.
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El Salvador Launches 2 Debt Repurchase Offers Amid Uncertainty Over Its Bitcoin Bond
The offers have been viewed as an attempt to counter speculation about a potential default by the country.
One Year Later: The Success Of Making Bitcoin Legal Tender In El Salvador
One year since adopting bitcoin as legal tender, El Salvador’s grand experiment is having a wide range of success.
Will El Salvador’s Bitcoin Bet Pay Off?
The country has gone long on Bitcoin adoption as it attempts to overcome the monetary reigns of the IMF and United States.
Bitcoin Beach Brazil: Inspired By El Salvador
A project in Brazil seeks to emulate the successful adoption of bitcoin seen on the beaches of El Salvador.
El Salvador Weekly: What Disappearing Bitcoin ATMs?
El Salvador’s finance minister, Alejandro Zelaya, said on Aug. 11 that “the Salvadoran population continues to use Bitcoin and the Chivo Wallet,” in the words of a local news outlet. Which led ElSalvador.com to suggest that his statement “could be far from reality” as a growing number of businesses around San Salvador have been pulling […]
El Salvador Weekly: Four Questions for President Bukele on ‘Doubt’ Surrounding Bitcoin
Salvadoran President Nayib Bukele added his voice to the bragging ministers after the United Nations World Tourism Organization’s (WTO) Aug. 1 World Tourism Barometer report placed El Salvador as one of only 16 countries that have seen their international tourism receipts fully recovered to pre-pandemic levels. While his ministers pointed to bitcoin, saying that crypto-based […]
El Salvador’s ‘My First Bitcoin:’ How to teach a nation about crypto
If successful, the “Mi Primer Bitcoin” program, which recently rolled out in El Salvador, could be coming soon to a school near you.
El Salvador Weekly: Tourism Minister Says Bitcoins Led to Spike in Visitors
It’s hard to know whether they were spending bitcoins or dollars, but the amount tourists spent in El Salvador spiked to pre-pandemic numbers, according to the United Nations World Tourism Organization (UNWTO). In its Aug. 1 World Tourism Barometer report, the UNWTO listed El Salvador as one of 16 countries, ranging from Saint Lucia and […]
El Salvador's Finance Minister Says Bitcoin Adoption is 'Gaining Ground': Report
El Salvador’s adoption of bitcoin as legal tender is working despite the losses of over 50% the government has incurred on its purchases, according to the country’s finance minister.
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