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As of today, Bitcoin is an official currency of ElSalvador alongside the US dollar, after the Central American country became the first to adopt the cryptocurrency as legal tender. The law means citizens will be able to pay taxes in Bitcoin, and shops will be able to display prices in the digital currency.
Bitcoin’s Lightning Network is currently used by ElSalvador, which recognizes the cryptocurrency as legal tender and major companies and crypto exchanges such as Kraken.
ust look at the numbers: 80 million unique crypto wallets; Bitcoin and Ether grew 60% and 407%, respectively; ElSalvador adopted bitcoin as official currency; the NFT market generated $2.5 Rodrigo Vicuna is chief financial officer at Prime Trust. Cryptocurrency and blockchain had a breakout year in 2021. billion in trades. Impressive?
The United States is currently following in ElSalvador’s footsteps, according to Michele Crivelli, the founder of NexBridge, a digital… Continue reading on Medium
In the case of Better.com, the embattled digital mortgage lender revealed a string of new senior executive hires that quite frankly were mind-boggling. ElSalvador–based fintech n1co (read: nee-koh) has raised $12 million at a post–money valuation of $64.8 Image Credits: patpitchaya / Getty Images. Fundings and M&A.
Other VCs in the round include TQ Ventures, DIGITAL, Nexo, Huobi Ventures, Day One Ventures and Infinite Capital and DAO Jones (investment DAO backed by Mike Shinoda, Steve Aoki and Disclosure), while about 100 other crypto investors participated too. “We
Bitcoin has integrated with a layer-two protocol called the Lightning Network to increase its speed and efficiency while lowering transaction costs, a piece of infrastructure used by the nation of ElSalvador and major crypto exchanges such as Kraken.
It’s worth noting that China is also developing its own centralized digital currency. ElSalvador has gone the opposite direction , becoming the first country to make Bitcoin a legal tender.
San Salvador, ElSalvador: E-emprendimiento. Vancouver, Canada: Creating a Digital Community: The Misadventures of Fundraiser Grrl. Thursday, July 3, 2014. Mukono, Uganda: 2nd Net2uganda Computer Training Meetup for Poor Rural Primary School & Community. Saturday, July 5, 2014. Sunday, July 6, 2014.
Our chapter leaders believe that we can bridge the digital divide by giving every NGO the tools and skills to accomplish its mission efficiently and effectively. Orlando, Florida: Ways to Digitally Say Thank You. Lausanne, Switzerland: Intergen Digital @Pully. Houston, Texas: Putting Together Community Partnerships.
The New York organization last year collected more than 60 hours of footage of the organization’s workers and volunteers helping AIDS patients in Uganda, tsunami victims in India, and poor residents of ElSalvador, and it soon plans to use that extra footage for an extensive online video campaign. You can see it at [link].
The New York organization last year collected more than 60 hours of footage of the organization’s workers and volunteers helping AIDS patients in Uganda, tsunami victims in India, and poor residents of ElSalvador, and it soon plans to use that extra footage for an extensive online video campaign. You can see it at [link].
Portland, Oregon: Digital Inclusion: Why Access for All Matters More than Ever. Los Angeles, California: Digital Activism: How Much Can You Really Accomplish? Bamenda, Cameroon: How to Create Digital Stories. San Salvador, ElSalvador: Curso Introductorio a Modelos de Negocio. Wednesday, March 8, 2017.
That country is ElSalvador, home to the native Pipil people of Cuscatln, ancient mangrove forests, and for four wild years, the crypto industry. Plans were hastily cobbled together for BitGo to become the official digital banking infrastructure for ElSalvador's 6.3 million residents.
Webby Award for Email Newsletter : Assembly, a digital publication by Malala Fund. Webby People’s Voice Award for Media Streaming : DC Universe by WB Digital Networks - DC Universe. Webby Award for Best Individual Editorial Feature - Media Company : In ElSalvador, violence is driving girls to kill themselves by Univision News Digital.
. - Hal Finney For years, Bitcoin was almost a joke, with proponents seemingly waiting forever for it to become the peer-to-peer digital cash that Nakamoto envisioned. Some nation-states, such as ElSalvador , have even opted in. Bitcoin is no different: Things could go wrong, and they sometimes do. investment companies.
In an email to then-US Treasury Secretary Steven Mnuchin, Kushner asked if he could have a group of people “brainstorm” about the government creating its own digital currency, as revealed by a Freedom Of Information Act request from CoinDesk. While the US doesn’t have an official digital currency, there are other countries that do.
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