News From The El Salvador Experiment, Mid July: More ATMs and CNN
This week was low on high-profile people news but high in community building and hard work. Everyone seems to be waiting to see where the chips fall before making any decisions. Except for the people of El Zonte, they can’t stop and won’t stop building. As the big September date approaches, we’ll see where everyone […]
Related News
Bitcoin ATM provider Chainbytes is setting up a bitcoin ATM manufacturing hub in El Salvador. The move follows the country passing a bill making bitcoin legal tender. The company plans to make El Salvador “the manufacturing hub of bitcoin ATMs for all of the Americas.” Bitcoin ATMs Coming to El Salvador U.S.-headquartered Chainbytes LLC, a bitcoin ATM provider, announced Tuesday that it is launching operations in El Salvador, the country which recently passed a bill making bitcoin legal tender. Chainbytes revealed that it plans “to make El Salvador the manufacturing hub....
El Salvador has started mounting Bitcoin ATMs that will enable its residents to convert cryptocurrencies to U.S. dollars. The ATMs will also allow for crypto withdrawal in cash, as the government intends to make crypto a legal tender. El Salvador, known officially as the Republic of El Salvador, is a country in Central America. It’s […]
El Salvador’s bitcoin experiment has been ongoing for less than a year. Things aren’t going as smoothly as the small Central American country had hoped, at least in terms of bitcoin investments as the crypto market enters a bloodbath. El Salvador Bitcoin Experiment Last June, El Salvador’s President Nayib Bukele shocked the globe by announcing […]
Bitcoin ATM operator Athena Bitcoin has unveiled its plan to install 1,500 bitcoin ATMs in El Salvador. Initially, the company will install dozens of machines as a test. El Salvador President Nayib Bukele wants 1,500 bitcoin ATMs installed and Athena Bitcoin said, “we will go for that, but in phases.” Athena Bitcoin said Thursday that it plans to invest over $1 million to install cryptocurrency ATMs in El Salvador, particularly where residents receive remittances from abroad, Reuters reported, citing a company representative. The firm expects to gradually install about 1,500....
So, Bitcoin is legal tender in El Salvador. How did the experiment start? With fire and chaos. You could say that the implementation wasn’t the smoothest, but it’s advancing and people are learning. The narrative shifted from the remote beach town of El Zonte to the busy streets of San Salvador, but there’s action everywhere. […]