A Cryptobank seeks to transform El Salvador into the Wall Street of Bitcoin

Simon Dixon, co-founder and CEO of Bank To The Future, a global online platform that allows qualified entities to invest in financial innovation, including FinTech companies, funds, and other new alternative financial products, arrived in El Salvador for the second time this month and held a meeting with President Nayib Bukele to finalize details of the projects he plans to carry out in the country.

Dixon explained to «Diario El Salvador» that his vision is to start the construction of a bitcoin banking investment industry in the country, a fund movement model similar to that of New York’s Wall Street but based on bitcoin. A project that will be based on new investment law proposals on which the government is working.

«Bank To The Future works with a large network of investors and we seek to have licenses in El Salvador to make that possible. The government has been working on new laws so that people can invest responsibly and open up opportunities », Dixon pointed out, noting that his objective is to contribute from the experience of his company.

On the platform created by Dixon, people can invest their money in bitcoin companies like Bitfinex, Kraken, and Ripple App, among others, with a minimum amount of $1,000. Likewise, users can invest in a retirement plan and receive interest on their bitcoins. All in a long-term thought.

Currently, Bank To The Future has $1.7 billion invested in its system, but the goal is that by setting up its operations in El Salvador, they can attract many more investors who represent another $6 billion.

«Our industry has suffered a lot, with many companies going bankrupt due to bad policies. That has cost investors billions of dollars, but by having legal frameworks in El Salvador, we will be able to bring all those investors who have lost money to our company and make them recover their funds,» he added.

«We are currently hiring people in El Salvador and recruiting and educating new bankers for the bitcoin industry. We want to bring many more companies, more investors to El Salvador and give support to the government in volcanic bonds.» Simon Dixon, CEO of Bank To The Future.

On the other hand, the businessman explained that by installing his firm in the country, new financial products such as bitcoin loans and stacking services will be launched, which will allow users to receive income each month based on cryptocurrencies.

In that sense, to support the new initiatives, Dixon indicated that they need to increase the number of people in his team, for which they are initially hiring 50 Salvadorans.

Among the profiles they need are people who have knowledge of financial services, user support, others with expertise in identity verification, and those with legal knowledge. To apply for jobs, you can go to https://bnktothefuture.com/.

«We are currently hiring people in El Salvador and recruiting and educating new bankers for the bitcoin industry. We want to bring many more companies and more investors to El Salvador and give support to the government in volcanic bonds, «concluded the crypto investor.