This is an opinion editorial by Rikki, author and co-host of the “Bitcoin Italia,” and “Stupefatti” podcasts. He is one half of the Bitcoin...

El Salvador in Central America is joining hands with the Swiss city of Lugano in the name of bitcoin. Both areas have vowed to push...

According to a new survey, many residents of El Salvador consider the bitcoin experiment implemented by their country’s leaders a failure. El Salvador and Bitcoin…...

This is an opinion editorial by Rikki, Bitcoin explorer, author and co-host of the “Bitcoin Italia,” and “Stupefatti” podcasts.All images included in this article...

A new Bitcoin-based encrypted chat platform has been announced at the Adopting Bitcoin conference, BLIP.The new app, yet to be publicly released, leverages Hexum,...

As a means of avoiding assistance from the International Monetary Fund (IMF), the Central American nation of El Salvador is looking to sell debt that’s fully backed by bitcoin. The IMF has already asked the country to avoid all bitcoin activity in the future, though El Salvador graciously responded by giving the global organization the...

The post El Salvador Will Sell Debt to Build Its Bitcoin City appeared first on Live Bitcoin News.

Chivo Pets, the first public veterinary hospital in El Salvador, opened its doors last month with an inaugural visit from President Bukele.

The post Take a look inside the Bitcoin-funded Chivo Pets Hospital, where treatment costs $0.25 appeared first on CryptoSlate.

February 2, 2022       /       Unchained Daily       /       Laura Shin Daily Bits ✍️✍️✍️ It appears that Daniele Sesta is wresting control of the[...]

The post MicroStrategy’s Bitcoin MacroStrategy appeared first on Unchained Podcast.

El Salvador is improving its bitcoin circulation infrastructure despite warnings from the IMF. It seems that the country is looking for a way to become truly independent.

NEW YORK / SAN SALVADOR - February 2, 2022 - Chivo, the world's first national crypto wallet, is now operating with AlphaPoint white label infrastructure. AlphaPoint, which provides fast, scalable financial technology to institutions globally, is helping El Salvador to offer financial services and access to Bitcoin for millions of Salvadorans actively using the wallet.

In September, El Salvador became the first country to adopt Bitcoin as a legal tender, as the government launched the Chivo wallet to facilitate Bitcoin transactions in the country. The government deposited $30 in Bitcoin in every El Salvadorans' Chivo wallet as ‘seed money' to propel Bitcoin transactions.

With every McDonalds, Starbucks, Walmart, Airport and Government office in the country already accepting Bitcoin with Chivo, the project has aspirations in the next year to simplify payment of home utilities, taxes, and many other daily transactions in Bitcoin as well. Chivo is also in the process of deploying hundreds of Bitcoin ATMs around the country to more readily serve the Salvadoran population.

AlphaPoint supports the frontend and backend infrastructure that powers the wallet and integrates the entire ecosystem including the mobile application, mobile point-of-sale processing, merchant website portal, call-center support software, and administrative console. Their build focuses heavily on wallet stability and uptime, scalability, and social impact, while also integrating user verification services leveraging machine-learning facial recognition and authentication tools. AlphaPoint also improved the Lightning integration for nearly instantaneous low-fee Bitcoin transactions via QR and Lightning addresses.

Chivo is the largest fintech application in the country and is providing infrastructure to bring the 70 percent unbanked population of the country into the financial ecosystem. The AlphaPoint-powered wallet facilitated millions of transactions last month alone, with more businesses enabling transactions every day. The wallet is free to use for all Salvadorans, with zero commissions.

“El Salvador and President Bukele are truly leading globally with this first major experiment in Bitcoin adoption at a country-wide level,” Igor Telyatnikov, Co-founder and CEO of AlphaPoint said, “No one else has attempted to execute a project of this size. We at AlphaPoint are honored to be involved in the process and provide the scalable and reliable solutions needed for this massive undertaking. The Chivo application is currently supporting millions of Salvadorans, many for their first time accessing financial services.”

AlphaPoint was the first white label marketplace provider in the cryptocurrency industry and has been a trusted solution for large-scale institutional-grade exchange infrastructure for more than eight years. It is considered a foundational member of the industry with focused priorities in scalability, security, and flexibility to serve clients around the world.

About AlphaPoint 
AlphaPoint is a white-label marketplace software company powering digital asset exchanges worldwide. Through its secure, scalable, and customizable digital asset trading platform, AlphaPoint has enabled over 150 customers in 35 countries to launch and operate digital asset markets, as well as to digitize assets. AlphaPoint and its award-winning blockchain technology have helped startups and institutions discover and execute their blockchain strategies since 2013.

Media Contact: AlphaPoint, patrick.shields@alphapoint.com
Media Contact: Transform Group, alphapoint@transformgroup.com
Sales contact: sales@alphapoint.com

The Colombian tax authority, called the DIAN, has announced that its next target is cryptocurrency-utilizing tax evaders. According to a PR statement released on January 28, the institution stated that it was undertaking a series of measures to tighten controls on taxpayers using cryptocurrencies for transacting or trading purposes. While these actions have not been specifically disclosed, […]

The DIAN, the Colombian tax authority, has announced it is taking special measures to tighten controls on taxpayers currently using cryptocurrencies to transact. With these actions, the organization seeks to detect any taxpayers that have used crypto assets and failed to report these activities, or reported them erroneously. This action seeks to thwart cryptocurrency-related tax […]