El Salvador Financial News
03.06 / 05:31
South America
bonds
Bitcoin
rights
Bitcoin bond still on hold, El Salvador accused of human rights violations
El Salvador’s finance minister Alejandro Zelaya has said the country will further delay launching its anticipated billion dollar Bitcoin (BTC) bond citing price volatility and uncertain market conditions resulting from the ongoing Russo-Ukrainian war.
02.06 / 07:25
Adoption
shopping
Taco tokens: Chipotle adds crypto payments via Flexa
The popular Mexican fast food chain Chipotle is now accepting cryptocurrency payments through digital payment provider Flexa at all of its over 2,950 United States based restaurants.
30.05 / 22:39
business
Adoption
MoneyGram
Deal
open
MoneyGram to open transfer platform with Stellar, eyes wallet deal in El Salvador
MoneyGram International, one of the world’s largest cross-border transfer services, is partnering with the Stellar blockchain to create a stablecoin-based platform for money transfers. The new service will allow Stellar wallet users to send Circle’s USD Coin (USDC) to recipients, who will be able to cash them out for fiat currency through the MoneyGram network.
28.05 / 16:51
cryptocurrency
Extreme
cryptocurrency explainer
Bitcoin
Why Crypto Cannot Become A Default Payment Mode?
There are certain hidden costs involved while making payments through cryptocurrencies
28.05 / 10:47
Blockchain
Hash Rate
Bitcoin
Drop
network
Bitcoin Network
Bitcoin network difficulty falls 4.3% to 29.897T, biggest drop in 10 months
The Bitcoin network witnessed a historic event on May 12 when the network difficulty attained its all-time high of 31.251 trillion as miners mined nearly 50,000 BTC of the remaining 2 million tokens.
27.05 / 22:03
CBDC
Payments
Bitcoin
Time
Falling Bitcoin price doesn't affect El Salvador's strategy: 'Now it's time to buy more,' reveals Deputy Dania Gonzalez
Dania Gonzalez, Deputy of the Republic of El Salvador, was recently in Brazil to reveal her country's experiences with the decision to adopt Bitcoin (BTC) as legal tender. Gonzalez’s invitation to Brazil came from digital influencer Rodrix Digital, who was recently in El Salvador to produce a documentary about cryptocurrencies.
27.05 / 20:39
business
Blockchain
Adoption
Hodler's guide to travel: Which platforms accept cryptocurrency?
The global economy is becoming increasingly digital, and it's no surprise that cryptocurrencies and blockchain technology are starting to have an impact on the travel industry. Many travel agencies now accept Bitcoin (BTC) and other digital currencies as payment, with some even providing discounts to customers who pay in cryptocurrency. Here is a list of popular travel booking platforms that take BTC, as well as embrace blockchain technology.
26.05 / 23:13
Blockchain
economics
Bitcoin
Central African Republic Moves Ahead With Its Crypto Hub Initiative Despite World Bank's Concerns
Central African Republic (CAR) President Faustin-Archange Touadéra is readying to launch a new crypto project, dubbed Sango - the first crypto initiative that is designed to strengthen the country’s image as an emerging African crypto hub.
26.05 / 23:07
Stablecoin
Adoption
Tether
World Economic Forum
‘Other flavors of Tether’ will bridge users to USDT: Paolo Ardoino
Tether’s decision to launch a new digital asset pegged to the Mexican peso will be a boon to crypto adoption in the Central American country by providing more onramps to the USDT stablecoin, according to Paolo Ardoino.
25.05 / 18:17
Citi
BTC
Digital
Bitcoin
Latest BTC downturn presents El Salvador this crisis but Nayib Bukele…
The entire crypto market is trying to recover from the latest crash. Meanwhile, El Salvador president Nayib Bukele looks undefeated. Recently, he shared a “cool” jab on social media despite the latest Bitcoin shortcomings. It’s worthy to note that his government is facing a mounting crisis with the legal experimentation of Bitcoin.
24.05 / 16:55
Adoption
Africa
Bitcoin
Central African Republic to launch official crypto hub ‘Sango’
Shortly after approving Bitcoin (BTC) as legal tender in the Central African Republic (CAR), the local government is moving to provide the digital currency infrastructure.
24.05 / 16:21
Adoption
regulation
Bitcoin
play
El Salvador’s Bitcoin play: What does the current slump mean for adoption?
It was September 6, 2021, when the Central American nation of El Salvador decided to go ahead and purchase 200 Bitcoin (BTC), worth about $10.3 million at the time. The day was hailed as momentous in the history of the crypto market and was met with much fanfare. In fact, many proponents claimed that the purchase was just an inkling of what really lay ahead in terms of a global crypto-driven economy.
20.05 / 22:57
business
Mining
Crypto miners
3K+ Bit Digital hosting partner's crypto miners go offline after explosion and fire
New York-headquartered crypto mining firm Bit Digital reported two of its hosting partners ceased operations to more than 4,800 rigs following power disruptions at different facilities.
20.05 / 16:41
Blockchain
Adoption
Survey
Bitcoin
European families see crypto as a tool to increase savings: Survey
While there are risks associated with crypto investing, some see it as a way to boost their family savings, a recent study commissioned by crypto trading platform BitMEX shows.
20.05 / 13:37
education
Lightning Network
lightning
Bitcoin
bitcoin beach
Central bankers bellow Bitcoin on El Salvador's Bitcoin Beach
The orange pilling adventure in El Salvador continues. In a video that beggars belief, 44 central bankers and financial delegates from emerging markets around the world shout “Bitcoin!” while posing for a photo in El Zonte, El Salvador:
19.05 / 10:15
cryptocurrency
CryptoExplainer
Bitcoin Crash
Holdings
Bitcoin Crash Shaves A Third Of El Salvador's Government Holdings: Report
Crypto crash leaves El Salvador with no easy exit from worsening crisis
18.05 / 12:23
Lightning Network
lightning
Bitcoin
network
The Lightning Network Lunch: A Bitcoin contactless payment story
The Lightning Network (LN) just got a bit faster, as the suitably named Bolt Card now enables Bitcoin (BTC) enthusiasts to pay for goods and services using contactless technology.
18.05 / 11:17
Adoption
Latin America
Bitcoin
NOT
El Salvador-hosted ‘44-nation Bitcoin Conference’ Not Quite a Nothing Burger
Central bankers attending a large-scale conference have moved to distance themselves from claims they are in El Salvador to talk about bitcoin (BTC) adoption – while local media outlets have suggested that BTC may be further down the agenda for the 44 nations attending than previously claimed. But evidence does suggest that the bankers and government ministers attending have already taken more than a passing interest in El Salvador’s adoption initiatives.
17.05 / 13:27
17.05 / 12:57
business
Lightning Network
lightning
Bitcoin
Bukele
Bitcoin, Bukele and a bevy of central bankers meet in El Salvador
This week, 44 central bankers from developing countries around the world are attending a conference in El Salvador to discuss financial inclusion, financing for small and medium-sized businesses and Bitcoin (BTC).
16.05 / 11:29
Adoption
Central Bank
Bitcoin
Bukele
‘44 Nations Meeting in El Salvador to Talk Bitcoin,’ Claims President Bukele
Thirty two central bankers and 12 financial chiefs representing 44 nations will meet in El Salvador later today, per the nation’s President Nayib Bukele, who claimed that – among other things – the group will discuss bitcoin (BTC).
latest developments in El Salvador
What is the current situation in El Salvador?
In El Salvador, the spotlight is on local government initiatives that impact the interests of residents.
Where can I find reliable news about El Salvador?
We publish in-depth coverage about the situation in El Salvador, based on information from regional journalists.
What shapes the media agenda in El Salvador?
The news landscape of El Salvador is shaped by the region’s internal dynamics, reflecting its local way of life.
