El Salvador

El Salvador’s Bitcoin-As-Currency Experiment Is Costly And Failing

El Salvador’s Bitcoin-As-Currency Experiment Is Costly And Failing
El Salvador’s Bitcoin-As-Currency Experiment Is Costly And Failing
May 02, 2022  |  Cryptocurrency

Eight months after its September rollout, it’s become evident that El Salvador’s much-hyped experiment with making bitcoin a legal tender has been a failure so...

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Central African Republic, Like El Salvador, May Soon Regret Adopting Bitcoin
Central African Republic, Like El Salvador, May Soon Regret Adopting Bitcoin
April 27, 2022  |  Bitcoin

The Central African Republic has become the second country in the world to adopt Bitcoin as an official currency. Get the Full Story Complete the...

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El Salvador’s Adoption of Bitcoin as Legal Tender Addressed in Congressional ACES Act
El Salvador’s Adoption of Bitcoin as Legal Tender Addressed in Congressional ACES Act
April 05, 2022  |  Bitcoin

Two members of Congress introduced the Accountability for Cryptocurrency in El Salvador (ACES) Act to lower potential risks to the U.S. that could arise from...

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El Salvador President’s Twitter Battles Risk Painting Nation Further Into Corner
El Salvador President’s Twitter Battles Risk Painting Nation Further Into Corner
March 25, 2022  |  Cryptocurrency

Salvadoran President Nayib Bukele came out swinging this week, accusing the U.S. of interfering with the country’s finances and calling out a report that $1...

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Today in Data: Financial Numbers From Around the Globe
Today in Data: Financial Numbers From Around the Globe
March 22, 2022  |  Today In Data

Today in Data, Malaysia considers following El Salvador’s lead in making bitcoin legal tender. Plus, Euroclear supports blockchain payments consortium Fnality, and Recharge.com expands from...

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Volatility, Political Turmoil Put El Salvador’s Bitcoin Bond Plans in Further Jeopardy
Volatility, Political Turmoil Put El Salvador’s Bitcoin Bond Plans in Further Jeopardy
March 04, 2022  |  Cryptocurrency

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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Blockstream CSO: $500M Committed to El Salvador Bitcoin Bond
Blockstream CSO: $500M Committed to El Salvador Bitcoin Bond
February 18, 2022  |  Bitcoin

Investors have committed a half-billion dollars to El Salvador’s forthcoming bitcoin bond, according to Blockstream Chief Strategy Officer Samson Mow. Get the Full Story Complete...

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US Senators Propose Legislation to Mitigate Risks of El Salvador’s Bitcoin Adoption
US Senators Propose Legislation to Mitigate Risks of El Salvador’s Bitcoin Adoption
February 17, 2022  |  Bitcoin

A bipartisan group of lawmakers introduced legislation in the U.S. Senate Tuesday (Feb. 15) to diminish risks to the nation’s financial system by El Salvador’s...

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