Despite El Salvador’s recently passed law mandating Bitcoin as legal tender, local remittance firms are reportedly hesitant to adopt Bitcoin (BTC).Speaking to Reuters, Autonomous Research fintech analyst Kenneth Suchoski argued that remittance firms are unlikely to launch support for Bitcoin and other crypto assets until prompted to do so by customer demand, likely creating a … [Read more...] about Remittance firms hesitant to support BTC despite legal tender law in El Salvador
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Bitcoin is now ‘legal tender’ in El Salvador
A Bitcoin bill aiming to make the world’s cryptocurrency classified as ‘legal tender’ has been passed by the Congress in El Salvador today, the president said during a Twitter ‘Spaces’ conversation.El Salvador has officially passed the bill that makes bitcoin legal tender in the country.A historic day for humanity.— Pomp ? (@APompliano) June 9, 2021“I’ve just sent the … [Read more...] about Bitcoin is now ‘legal tender’ in El Salvador
Crypto community reacts to El Salvador becoming first country to adopt Bitcoin as legal tender
The decision was announced by the country’s President, Nayib Bukele, while speaking during a video broadcast at the Bitcoin 2021 conference held in Miami.“Next week, I will send to Congress a bill that will make Bitcoin a legal tender,” he was quoted saying.The President also revealed that the country had entered a partnership with famous digital wallet company, Strike, to … [Read more...] about Crypto community reacts to El Salvador becoming first country to adopt Bitcoin as legal tender
OG Bitcoiner disses ‘legal tender’ and shares why NFTs are never going away
Most people forget that “money” started out as stones and rocks, to seashells and salt, whenever it was initially conceptualized thousands of years ago. It was only a few hundred years ago that ‘paper’ money and government-issued tender became commonplace for the transfer of value.The argument remains true today for most crypto proponents. Look no further than Rhian Lewis, one … [Read more...] about OG Bitcoiner disses ‘legal tender’ and shares why NFTs are never going away