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🏨 Another 40,000 retail outlets in El Salvador to accept BTC
This was made possible by Blink's cooperation with Distribuidora Morazan, the second largest consumer goods distributor in El Salvador. The company actively encourages and supports the integration of bitcoin as a means of payment in their outlets.
🏷 The pilot program has already been rolled out to 30 out of 80 retailers in the first phase, and in 2024 it is planned to connect up to 3% of Distribuidora Morazan customers, which is equivalent to 1000 retailers.
#BTC🔥🔥 #Salvador's #RetailSales #Web3ForAll
This was made possible by Blink's cooperation with Distribuidora Morazan, the second largest consumer goods distributor in El Salvador. The company actively encourages and supports the integration of bitcoin as a means of payment in their outlets.
🏷 The pilot program has already been rolled out to 30 out of 80 retailers in the first phase, and in 2024 it is planned to connect up to 3% of Distribuidora Morazan customers, which is equivalent to 1000 retailers.
#BTC🔥🔥 #Salvador's #RetailSales #Web3ForAll
- **El Salvador's Bond Market Rebound**: El #Salvador's bond market has experienced a significant rebound, with its dollar bond return rate soaring to 70%, making it the top-performing bond in emerging markets.
- **Interest from #Financial Institutions**: Major financial institutions like JPMorgan Chase & Co., Eaton Vance, and PGIM Fixed Income have shown interest in El Salvador's bonds, either through hints or direct purchases. This signals their confidence in the bonds' ongoing positive trajectory.
- **Bitcoin's #Introduction and Impact**: President Nayib Bukele declared Bitcoin as the official currency of El Salvador in 2021 and introduced Bitcoin Volcano Bonds. These bonds have faced limited adoption, and this move led to some major companies downgrading El Salvador's bond market due to perceived vulnerabilities.
- **Mitigation of Concerns**: President Bukele addressed bond market concerns by implementing two debt buybacks, enlisting a former International Monetary Fund (IMF) advisor, and successfully repaying $800 million in bonds. These actions helped restore confidence in the bond market.
- **Bond #Market Transformation**: Despite initial hesitations and downgrades, El Salvador's bond market has undergone a transformation, marked by the successful measures taken by President #Bukele to address concerns and enhance the market's stability. This has resulted in a substantial rebound and increased investor interest.
$BTC $ETH $BNB
- **Interest from #Financial Institutions**: Major financial institutions like JPMorgan Chase & Co., Eaton Vance, and PGIM Fixed Income have shown interest in El Salvador's bonds, either through hints or direct purchases. This signals their confidence in the bonds' ongoing positive trajectory.
- **Bitcoin's #Introduction and Impact**: President Nayib Bukele declared Bitcoin as the official currency of El Salvador in 2021 and introduced Bitcoin Volcano Bonds. These bonds have faced limited adoption, and this move led to some major companies downgrading El Salvador's bond market due to perceived vulnerabilities.
- **Mitigation of Concerns**: President Bukele addressed bond market concerns by implementing two debt buybacks, enlisting a former International Monetary Fund (IMF) advisor, and successfully repaying $800 million in bonds. These actions helped restore confidence in the bond market.
- **Bond #Market Transformation**: Despite initial hesitations and downgrades, El Salvador's bond market has undergone a transformation, marked by the successful measures taken by President #Bukele to address concerns and enhance the market's stability. This has resulted in a substantial rebound and increased investor interest.
$BTC $ETH $BNB
🇸🇻 El Salvador has launched (https://watcher.guru/news/bitcoin-el-salvador-offers-citizenship-for-1-million-in-btc) a program for 1000 participants, according to which those who invest $1 million in BTC or USDT in El Salvador will receive a visa and citizenship
However, the cost of citizenship in El Salvador is much higher than in neighboring Caribbean countries such as Antigua and Barbuda, Dominica, and Saint Lucia, where citizenship can be obtained for $100,000.
#Salvador's #BTC
However, the cost of citizenship in El Salvador is much higher than in neighboring Caribbean countries such as Antigua and Barbuda, Dominica, and Saint Lucia, where citizenship can be obtained for $100,000.
#Salvador's #BTC
El Salvador Passes Law on Citizenship for Bitcoins
Foreigners can obtain a Salvadoran passport under the fast-track program by making a donation in BTC to government social and economic development programs.
📑 The law was called a "vital interest" Bukel, as many bitcoin-related projects are currently being developed by bitcoiners from other countries.
#ElSalvador #Salvador's #BTC #BTC/Update
Foreigners can obtain a Salvadoran passport under the fast-track program by making a donation in BTC to government social and economic development programs.
📑 The law was called a "vital interest" Bukel, as many bitcoin-related projects are currently being developed by bitcoiners from other countries.
#ElSalvador #Salvador's #BTC #BTC/Update
