Harry Hobbs, Senior Lecturer, the University of Technology Sydney. _____
Late last year, El Salvador’s president Nayib Bukele announced plans to build “Bitcoin City” – a tax-free territory in the country’s east.
The city will use bitcoin (BTC) and be powered by the nearby Conchuagua volcano. According to Bukele, there will be:…
Read More: Bitcoin City: The Bizarre History of Libertarian Attempts to Create Independent Cities
Latin America - Bitcoin News Related To Latin America
Latin America
eCommerce in Latin America Showing Hypergrowth
Interest in digital services such as video streaming is on the rise among Latin American consumers as online shopping quickly gains in popularity in the region. A recent study from global payments solutions provider EBANX predicted eCommerce sales in Latin America not only would rise 37% year-over-year from 2020 to 2021, but also maintain a […]
Top Latin American exchange Bitso officially expands to Colombia
Founded in 2014 in Mexico, Bitso is now officially present in Argentina, Brazil, El Salvador and Colombia.
Bitcoin set to help communities — Latinx nonprofit now accepts crypto donations
“This funding mechanism will allow us to widen our donor base and reach a new generation of supporters,” said Corazón Latino founder Felipe Benitez.
Fitch lowers El Salvador’s rating due to Bitcoin adoption
“Policy unpredictability” and “adoption of Bitcoin as legal tender” are part of the reasons why the country received a downgrade from Fitch.
Jack Dorsey’s Cash App Integrates Bitcoin’s Lightning Network
Cash App users can now send instant bitcoin payments worldwide for free.
PYMNTS Intelligence: Why Seamless Payments Are Key for Digital Streaming Growth in Latin America
Smartphones and the internet have steadily become more ubiquitous in Latin America over the past two years, helping more of the region’s consumers utilize digital channels to shop, pay and consume media. Latin American shoppers who tried online channels for the first time during the pandemic do not appear to be abandoning them now that brick-and-mortar […]
State-run El Salvador Bank Accepts 200 Bitcoin ATMs as Collateral for USD 1.5M Loan – Report
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?
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?
What if El Salvador’s Bitcoin experiment succeeds? Is that what the IMF really fears?
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