El Salvador Onboards 3 million Bitcoin Users As Price Rises
El Salvador’s President Nayib Bukele confirmed that the Latin American nation has successfully onboarded over 3 million users to its Chivo wallet app in just 26 days.El Salvador’s President Nayib Bukele confirmed via Twitter Sunday evening that the Latin American nation has successfully onboarded over 3 million users to its Chivo wallet app in just 26 days. The total population of El Salvador is 6.48 million, meaning nearly half of its citizens have received their $30 worth of Bitcoin within the first month of the government making it legal tender. The price of Bitcoin declined from about....
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Chivo, El Salvador's official Bitcoin wallet, has managed to onboard 70% of the unbanked population in El Salvador, partner says. El Salvador, the first country to make Bitcoin (BTC) a legal tender, has onboarded 4 million users for its government-backed BTC wallet Chivo in partnership with digital identity provider Netki, according to an announcement.Netki has announced that Chivo wallet onboarded over 4 million new users in 45 days using the company’s flagship Know Your Customer (KYC)/Anti-Money Laundering (AML) product, OnboardID. The platform also claimed that it had facilitated the....
El Salvador was the first country to make Bitcoin a legal tender. Though some speculations have given pessimistic forecasts on the implications for the nation, things seem to be moving in a contrary wave. El Salvador’s tourism record has shown a tremendous spike for the first half of 2022. According to government data, the country […]
El Salvador, the country that made bitcoin legal tender alongside the U.S. dollar, has bought the dip again. The Salvadoran government has purchased a total of 1,120 bitcoins, currently worth more than $68 million. El Salvador’s Bitcoin Holdings Grow El Salvador has bought the dip again, taking advantage of the falling price of bitcoin on Wednesday. President Nayib Bukele tweeted: “It was a long wait, but worth it. We just bought the dip.” At the time of writing, the price of bitcoin is $61,129, down from an all-time high of almost $67,000 on Oct. 19 based on data....
The Finance Commission of the Legislative Assembly of El Salvador agreed Monday to create a $150 million Bitcoin trust to facilitate exchange between Bitcoin and U.S. dollars in El Salvador.
With the addition of the 100 coins today, El Salvador holds 1,220 BTC, worth roughly $66.3 million following the crypto asset's drop to the $54,000s. El Salvador President Nayib Bukele bought the dip again, investing more than $5 million into Bitcoin as the price dropped under $54,000 today.In a Friday tweet, the El Salvador president said he had purchased 100 Bitcoin (BTC) following a global market sell-off in response to a new COVID-19 variant discovered in South Africa. According to data from Cointelegraph Markets Pro, since reaching an all-time price of $69,000 on Nov. 10, Bitcoin has....