El Salvador is currently the only country in which Bitcoin (BTC) is legal tender. This move has witnessed many developments, as well as some pushback. Amid protests, technical glitches, and inevitable market volatility, El Salvador continues to drive BTC adoption. Related Reading | There Are More People Using Bitcoin Wallets Than Bank Accounts, Says El Salvador…
Eric Adams, the new mayor of the city of New York, has once again publicly shown support for bitcoin. The mayor has long been in support of the cryptocurrency, saying he wanted to make New York the bitcoin capital of the country. His most recent show of support has only reiterated the mayor’s plan for…
El Salvador has once again deepened its bitcoin bet with another purchase. The sovereign nation had made history as the first to officially implement bitcoin as a legal tender back in September. To mark the historical moment, President Nayik Bukele had announced that the country had bought 200 bitcoins. A promise to purchase more followed…
Mariah Carey has now solidified her stance in the bitcoin industry. The five-time Grammy winner had teamed up with the Winklevoss twins’ crypto exchange Gemini to launch a campaign that was aimed at empowering women around the world using crypto. The singer announced the partnership with Gemini via Instagram. In the informative Instagram post, Mariah…
Payments processor Strike has announced the launch of a new feature that will allow users to convert their paychecks to bitcoin. This feature brings workers one step closer to collecting their paychecks in bitcoin. Instead of the employer paying out wages and salaries in BTC, employees can take the paychecks they receive and convert them…
Billionaire Orlando Bravo recently revealed his stance on crypto. Talking to CNBC, Bravo revealed that he indeed held bitcoin and held a very bullish stance on the future of the digital asset. The billionaire appear at the Delivering Alpha conference where he openly expressed his love for crypto. Bravo highlight some of the best features…
Bitcoin payments are gaining traction as the asset price has grown. With El Salvador making the cryptocurrency a legal tender, it is only a matter of time until other countries follow in its footsteps. Making the implementation of BTC payments important for companies who want to stay competitive in the long run. Major outlets have…
El Salvador has now marked its 10th day of bitcoin being legal tender in the country. This is a huge milestone that could not have been predicted to happen this soon. But as with bitcoin, everything is happening on an accelerated timeline. The country had introduced its own government-backed crypto wallet named Chivo in order…
Bitcoin adoption is indeed ramping up in recent months. From retail outlets announcing users can checkout using their bitcoins to El Salvador officially accepting bitcoin as a legal tender, there is no doubt that bitcoin is headed for mainstream adoption. Coming hot on the heels of recent news of adoption is a peculiar situation with…
Bitcoin trading has always seen high adoption in countries with currencies that are depreciating fast. The West African country of Nigeria has always been at the forefront of BTC adoption in the region. A combination of a large youth population, the growing popularity of tech, and a fast depreciating currency have seen citizens of the…