The adoption of Bitcoin in El Salvador benefits the economy and has brought a rebranding for the country

On June 25, CNBC published a totally contradictory article in which, in an attempt to describe the adoption of Bitcoin in El Salvador as «failed», they ended up recognizing the benefit to the Salvadoran economy and a rebranding for the country.

The article captured the attention of the renowned economists Max Keiser and Stacy Hebert, and as part of their vocation to communicate the truth and reframe the headlines of the mass media, they explained what is really happening in El Salvador. Seguir leyendo The adoption of Bitcoin in El Salvador benefits the economy and has brought a rebranding for the country

El Salvador received $52 million in remittances through the Chivo wallet through May

The president of the Central Reserve Bank (BCR), Douglas Rodríguez, reported that, between January and May of this year, nationals living abroad made greater use of Chivo wallet services to send remittances to their relatives in El Salvador. Seguir leyendo El Salvador received $52 million in remittances through the Chivo wallet through May

Bitcoiners around the world help to boost the economies of Salvadoran communities

The community of bitcoin entrepreneurs continues to carry out initiatives with a positive impact in the municipalities of El Salvador. Bitfinex and other anonymous bitcoiners have decided to donate funds to support entrepreneurs and social initiatives in Ilopango, Soyapango, and Apopa, as well as in Nueva Concepción, in Chalatenango. Seguir leyendo Bitcoiners around the world help to boost the economies of Salvadoran communities

A $200 million investment will supply energy from the sun and power Bitcoin mining

«Josué López is a young Salvadoran who lives in Switzerland and has a fund that he manages from several consortiums, and this is the one that is coming to invest in El Salvador. Precisely they are going to aim to be able to supply more of the energy needs of El Salvador with a photovoltaic plant that is going to help us generate more renewable energy, but, in addition, on one side they will have a bitcoin mining plant, » said the official. Seguir leyendo A $200 million investment will supply energy from the sun and power Bitcoin mining

Hospital Chivo Pets serviced 124,000 consultations

A little more than three months after its opening, the ChivoPets Veterinary Hospital has provided 124,000 cares to Salvadoran pets, ensuring animal welfare through the various procedures used in its facilities.

ChivoPets is the first hospital of its kind in El Salvador and was built as part of the vision of the President’s government, Nayib Bukele, for the welfare of companion animals. Seguir leyendo Hospital Chivo Pets serviced 124,000 consultations

Max Keiser and Stacy Herbert seek to finance El Salvador’s first unicorn company

In an interview with «Diario El Salvador», the crypto investors explained that at the moment their focus is on finding bitcoin-based startups, which they intend to finance this year with a fund of $10 million. As they explained, the objective is to place capital in ambitious ventures so that one or several become unicorn companies, that is, those that reach a valuation of $1,000 million without having a presence on the Stock Exchange. Seguir leyendo Max Keiser and Stacy Herbert seek to finance El Salvador’s first unicorn company

Peruvian crypto entrepreneurs explore business opportunities in El Salvador

A new delegation of cryptocurrency experts and entrepreneurs arrived in the country in search of business and investment opportunities. Twenty-one Peruvians, who show interest in learning about the country’s crypto ecosystem and the territory’s potential, have been received by the government, following up on the actions of the Embassy of El Salvador in Lima.

Personnel from different state institutions such as the Ministry of Foreign Affairs (Foreign Ministry), the Executive Hydroelectric Commission of the Lempa River (CEL), the Ministry of Finance, the Superintendence of the Financial System (SSF) and the Central Reserve Bank (BCR) have shared information with investors on the main areas of trade, strategic projects, possibilities for placing funds, legal framework, tax incentives, among other issues. Seguir leyendo Peruvian crypto entrepreneurs explore business opportunities in El Salvador

El Salvador explores cooperation with Israel

Exploring investment, cooperation, and strengthening trade relations between El Salvador and Israel is the purpose of the official visit carried out by Minister María Luisa Hayem to the Middle Eastern country, reported the Ministry of Economy (MINEC).

According to official information, during the visit that will last until next Saturday, the officials will hold meetings with representatives of the Israeli public and business sector to share experiences on policies that led them to be a Startup Nation. Explore the benefits of investing in bitcoin in El Salvador and explore business opportunities. Seguir leyendo El Salvador explores cooperation with Israel

El Salvador was chosen as the host country to address global financial inclusion issues

The government of President Nayib Bukele generates all the conditions to guarantee legal security and economic stability, as well as development in the country.

In this context, in El Salvador, the event «Digital Financial Services and Financing of SMEs» is held, which hosts 44 countries attached to the Alliance for Financial Inclusion (AFI, for its acronym in English), which will discuss for four thematic days on financial inclusion, digital economy, bankarization, as well as bitcoin in El Salvador, and other related topics.
Seguir leyendo El Salvador was chosen as the host country to address global financial inclusion issues