El Salvador - Bitcoin News Related To El Salvador

Fitch Downgrades El Salvador to CCC Weeks Before Bitcoin Bond Issue

Published on february 9, 2022

Concerns over ability to service debt, concentration of power in the presidency, and adoption of bitcoin as legal tender drove the downgrade.

El Salvador Bitcoin Bond Issuance Coming as Soon as March 15: Finance Minister

Published on february 9, 2022

In a TV appearance, Alejandro Zelaya also confirmed that the coupon for the paper will be 6.5%.

5 Tips for Traveling in El Salvador Spending Only Bitcoin

Published on february 9, 2022

Even though President Bukele has made the cryptocurrency legal tender, it isn’t super-easy for visitors to get by on bitcoin alone. But with a few tricks it’s possible, and fun.

El Salvador Eyes Bitcoin Bond Issuance in March, Mulls BTC Loans for SMEs

Published on february 9, 2022

El Salvador could be set to unveil its much-talked-about bitcoin (BTC) bond offerings as early as next month – and could also unveil new bitcoin loan offerings for small and medium-sized enterprises (SMEs) and micro-industries.
The latest bonds development was unveiled by a key ally of President Nayib Bukele: Mónica Taher, the head of Technological and Economic International Affairs at the national Trade and Investments Secretariat.
Taher took to Twitter to announce:…
Read More: El Salvador Eyes Bitcoin Bond Issuance in March, Mulls BTC Loans for SMEs

State-run El Salvador Bank Accepts 200 Bitcoin ATMs as Collateral for USD 1.5M Loan – Report

Published on february 7, 2022

A state-owned bank in El Salvador has reportedly handed out a crypto firm a loan of over USD 1.5m – accepting 200 bitcoin (BTC) ATMs as collateral.
The development was reported by El Diario de Hoy’s ElSalvador.com, which wrote that it had obtained access to documents proving that the Banco Hipotecario de El Salvador (Mortgage Bank of El Salvador) had signed off on the loan, which valued each machine at USD 7,760. The loan’s warranty period is 36 months….
Read More: State-run El Salvador Bank Accepts 200 Bitcoin ATMs as Collateral for USD 1.5M Loan – Report

Is Volcano Energy Really The Best Fit For El Salvador’s Bitcoin City?

Published on february 5, 2022

While a plan to leverage “volcano energy” is great marketing for El Salvador’s planned Bitcoin City, on its own, it might not be the best source.

Does the IMF have a hidden script for El Salvador’s Bitcoin play?

Published on february 5, 2022

What if El Salvador’s Bitcoin experiment succeeds? Is that what the IMF really fears?

Bitcoin-as-Currency Experiment Costs El Salvador 1% of Its GDP, IMF Reports

Published on february 4, 2022

The International Monetary Fund (IMF) is still on the offensive when it comes to El Salvador’s use of bitcoin as a legal tender, estimating the cost of implementing the program at 1% of the country’s gross domestic product (GDP). And that’s not counting the cost of the 1,801 bitcoins purchased by President Nayib Bukele. As […]

Bitcoin education center launches in El Salvador to boost adoption

Published on february 3, 2022

90% of El Salvadorans described their knowledge of Bitcoin as poor or non-existent last year despite BTC becoming legal tender.

El Salvador Switches Tech Providers — Chooses Alphapoint to Operate Chivo Bitcoin Wallet

Published on february 2, 2022

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 largest fintech application in the country and Alphapoint “supports the frontend and backend infrastructure that powers the wallet and integrates the entire ecosystem.” Alphapoint to […]