Salvadorans living abroad have sent over $50 million in remittances from January to May this year, according to the El Salvador Central Reserve Bank. Douglas Rodríguez, president of the El
Category: Chivo
El Salvador relaunches Chivo wallet, plans to deploy 1,500 Bitcoin ATMsEl Salvador relaunches Chivo wallet, plans to deploy 1,500 Bitcoin ATMs
El Salvador, the first country to adopt Bitcoin (BTC) as a legal tender, has relaunched its in-house Chivo wallet to address the existing challenges of BTC transfers locally. With AlphaPoint
El Salvador says merchants must process BTC transactions — or they may face actionEl Salvador says merchants must process BTC transactions — or they may face action
A Salvadoran government official has said that while businesses must accept BTC transactions, they can choose whether to receive BTC or USD upon settling transactions.
Report Claims Nayib Bukele’s Regime May Issue a Salvadoran StablecoinReport Claims Nayib Bukele’s Regime May Issue a Salvadoran Stablecoin
According to regional reports, El Salvador’s current leadership is in the midst of developing a stablecoin backed by the U.S. dollar. Meanwhile, others believe the stablecoin idea was scrapped now