El Salvador


Finance

Bitcoin Payments Firm Strike’s Headquarters to Stay in U.S., Despite New El Salvador Office

The company established a headquarters in El Salvador for its global entity as it expanded its app to more than 65 countries last week.

Strike CEO Jack Mallers announcing Strike’s El Salvador headquarters at Bitcoin 2023. (Frederick Munawa)

Tech

Bitcoin Rewards Company Fold Expands to El Salvador, Brushing Off Jump in On-chain Fees

The firm says El Salvador will serve as its base for operations in Latin America.

El Salvador (Esaú González, Unsplash)

Videos

Bitcoin in El Salvador Is 'No Longer an Experiment': Asobitcoin President

Bitcoin transaction fees are, on average $20 per transaction and it surged to as high as $30 on Wednesday morning on the rising popularity of BRC-20 tokens. Asobitcoin President Will Hernandez dissects how this is impacting Salvadoran's use of the cryptocurrency on the ground in El Salvador.

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Videos

What Surging Bitcoin Transaction Fees Mean for Users in El Salvador

Increasing activities on the Bitcoin network have pushed the average transaction fee to a 2-year high, according to data from BitInfoCharts. Asobitcoin President Will Hernandez discusses the state of El Salvador's bitcoin experiment and whether the transaction fee surge impacts BTC users in the country.

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Videos

How Bitcoin Beach’s Pioneering Circular Economy Aims to Make a Global Impact

Bitcoin Beach is a coastal community in El Salvador that has garnered over 3,000 bitcoin users, including more than 500 families and 120 businesses. The project's director Mike Peterson joins "All About Bitcoin" to discuss the significance of circular economies and the state of bitcoin adoption. Bitcoin Beach is one of CoinDesk’s Projects to Watch in 2023.

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Consensus Magazine

Bitcoin Beach’s Pioneering Circular Economy Is Making a Global Impact

This Salvadorean coastal community has garnered over 3,000 bitcoin users including more than 500 families and 120 businesses. Its adoption model is now being replicated around the world. That’s why Bitcoin Beach is one of CoinDesk’s Projects to Watch 2023.

(Rachel Sun/CoinDesk)

Policy

El Salvador Grants First Digital Asset License to Bitfinex

Tokenized shares and yield-bearing assets are potential products that could be launched under the new regulatory framework approved by the Central American country.

El Salvador (Esaú González, Unsplash)

Policy

El Salvador President Bukele to Introduce Bill That Would Eliminate Taxes on Technology Innovations

The country in 2021 became the first nation to adopt bitcoin as legal tender.

El Salvador President Nayib Bukele (Getty Images)

Videos

Asobitcoin President on El Salvador’s Bitcoin Experiment

El Salvador’s bitcoin experiment continues as President Nayib Bukele paid off the country's $800 million maturing bond issue in late January. Will Hernandez, president of the Bitcoin Association of El Salvador, discusses the current state of bitcoin adoption in the country and the key initiatives at Asobitcoin. Plus, his take on El Salvador's plans to build a Bitcoin Embassy in Texas and his reaction to IMF calling for greater transparency.

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Videos

El Salvador Considers Opening 'Bitcoin Embassy' in Texas

El Salvador is in discussions to open a "bitcoin embassy" in Texas, El Salvador's Ambassador to the U.S., Milena Mayorga, said on Tuesday. "The Hash" panel discusses the latest in El Salvador's stumbling bitcoin experiment and the possible outcomes.

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