El Salvador
El Salvador’s Bitcoin Adoption Is ‘Trendsetting,’ Says Voyager Digital CEO
Voyager Digital CEO Steve Ehrlich responds to claims that El Salvador’s bitcoin adoption is not significant. “Being the first country to accept [bitcoin] as legal tender is trendsetting,” he said, adding “it will be a model for what others do.”
Jim Rogers: El Salvador’s Bitcoin Adoption ‘Unlikely’ to Trigger Domino Effect
International investor Jim Rogers says “it’s unlikely” to the potential domino effect of El Salvador adopting bitcoin as legal tender around the world. “El Salvador has rarely, if ever, been a trendsetter that the world follows,” Rogers said.
El Salvador Could Face 'Limitation' on Bitcoin's Use as Medium of Exchange: JPMorgan
The bank points to bitcoin's illiquid nature, volatility and U.S. dollar conversion risk as major limitations for its use as legal tender.
Survey: El Salvadorans Wary of Bitcoin as Legal Tender
A new survey reveals that most of El Salvador's population is skeptical about bitcoin as a standard currency. "The Hash" hosts discuss the swift adoption and potential adverse side effects. "Bukele and his government did it so fast that people didn't have enough time to understand what was going on," co-host Danny Nelson. "They haven't done much to sell why this is useful."
Survey Suggests Most Salvadorans Wary of Bitcoin as Legal Tender
The poll, which took the results from 1,233 people between July 1 and July 4, also showed 46% knew "nothing" about bitcoin.
US Diplomat Voices Hope for Resolution in IMF, El Salvador Financing Tensions: Report
Victoria Nuland, U.S. undersecretary for political affairs, met with President Nayib Bukele on Wednesday.
El Salvador Wants to Attract Bitcoin Talent. Its Strategy Is Working
Bitcoiners are investing time and money to establish the Latin American nation as a hub for monetary innovation and software development.
3 Key Things That Happened in Crypto This Week
CoinDesk’s Christie Harkin breaks down this past week’s stories making waves in the crypto markets, including Andreessen Horowitz (a16z) raising $2.2 billion for its third crypto venture fund, El Salvador’s Bitcoin Law in effect beginning in September, and John McAfee’s sudden death, controversial life and legacy.
The Problem With El Salvador’s Bitcoin Law, Effective September 7
Bitcoin will become legal tender in El Salvador beginning September 7, El Salvador President Nayib Bukele announced Thursday during a national address. He added every citizen will be gifted $30 via an e-wallet, once they verify their identities. Frances Coppola, author of "The Case for People's QE," discusses the "immense risks" of El Salvador's bitcoin currency rollout. Plus, why she thinks dai (DAI) is a bigger concern than tether (USDT).