Tag Archives: El Salvador

Ethereum co-founder says mandatory use of Bitcoin in El Salvador violates Crypto’s ‘Ideals of Freedom’

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Vitalik Buretin has questioned President Nayab Bukele’s decision to mandate the use of Bitcoin in El Salvador, saying it contradicts the ethics of cryptocurrency. Mr Buretin, commenting on a Reddit forum titled ‘’Unpopular opinion; El Salvador President Nayib Bukele should not be praised by Crypto Community” said “there is nothing …

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Anti-Govt protesters burn Bitcoin ATM in El Salvador

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Furious demonstrators against President Nayib Bukele and his support for crypto adoption burned a bitcoin ATM in El Salvador yesterday. The protesters flooded the streets carrying placards displaying the words “say no to dictatorship” and “we were defrauded by bitcoin.” as they expressed their anger at the government. Although most …

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El Salvador’s Bancoagrícola partners Flexa to support Bitcoin payments

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El Salvador’s finance giant Bancoagrícola has joined forces with pure-digital payments network Flexa to introduce bitcoin acceptance solutions. The partnership will allow Bancoagrícola to accept bitcoin from its customers for loans, credit cards. With over 1,000 service centres in El Salvador, the bank is one of the biggest finance firms …

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El Salvador set for influx of 1,000 Bitcoin ATMs

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El Salvador will receive delivery of 1,000 Bitcoin ATMs in the coming months according to reports by the Cable News Network (CNN). Cryptocurrency ATMs distributor, Athena Bitcoin, is expected to supply the machines. Athena Bitcoin manages a reasonably large network of crypto-supported Automated Teller Machines (ATMs) across America, North America, …

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El Salvador considering paying workers in Bitcoin

bitcoin

El Salvador doesn’t look like they’re backing down on their Bitcoin adoption despite IMF’s warnings – the country’s Minister of Labour and Social Welfare, Roland Castro, said the government is examining the possibility of paying workers. El Salvador’s 2001 Monetary integration Law authorized the dollar as a legal tender in …

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