El Salvador relaunches the Chivo Wallet, which promises to enable instant low-fee Bitcoin transactions by integrating with white-label infrastructure provider AlphaPoint while addressing issues related to stability and scalability. (Read More)

El Salvador has rejected the recommendation by the International Monetary Fund (IMF) to drop bitcoin as legal tender. The country’s finance minister reportedly “angrily” said, “No international organization is going to make us do anything, anything at all.” El Salvador Says No to IMF on Bitcoin The government of El Salvador has rejected […]

The International Monetary Fund (IMF) has told El Salvador that the costs of implementing the country’s Bitcoin law, which makes the cryptocurrency legal tender, exceed the potential benefits. The IMF has also urged El Salvador to dissolve the “Fidebitcoin” trust fund and start charging fees for services provided by the government’s Chivo digital wallet. IMF’s […]

El Salvador captured attention from around the globe when it launched its Bitcoin wallet. Now Chivo's users are reporting a host of problems.

The post El Salvador’s Chivo wallet keeps breaking, and users are seeking answers appeared first on The Block.

The Lightning Network, Bitcoin’s scaling solution, has seen incredible success last year, growing both in capacity and transaction count.

The post Despite major growth in 2021, the Lightning Network still remains a niche product appeared first on CryptoSlate.

El Salvador adopted Bitcoin as legal tender in September 2021 and wants to build…

The post IMF wants El Salvador to drop Bitcoin as legal tender appeared first on Coin Journal.

The International Monetary Fund on Tuesday recommended El Salvador drop Bitcoin’s status as legal tender in the country.

The post IMF urges El Salvador to remove Bitcoin’s status as legal tender appeared first on CryptoSlate.

In the past 24 hours, BTC is down almost 0.10%. The transaction happened on Sat, 22 Jan 2022 13:30:46 UTC.

The post has appeared first on thenewscrypto.com

Bitcoin is pushing deeper into the fabric of El Salvador’s economy. The Central American nation is now considering providing low-interest Bitcoin-backed loans to small and micro businesses as one of the next steps of its Bitcoinization. The scheme will cater to the pressing need of small business owners to get fair-priced funding for their enterprises.

The post El Salvador wants to give small businesses access to Bitcoin-backed loans appeared first on CoinGape.

Taher, an advisor for the government of El Salvador, discusses how Bitcoin can be a critical tool for empowering women in Latin America.