$112,005.00
-0.29%$4,463.55
-2.78%$2.96
-1.82%$869.35
0.53%$212.95
2.32%$0.999812
-0.00%$4,455.32
-2.70%$0.221449
-0.54%$0.343248
-1.27%$0.84602
-2.46%$5,395.48
-2.84%$24.78
1.93%$4,811.97
-2.52%$112,087.00
-0.18%$46.31
-5.44%$1.001
0.01%$4,779.75
-2.75%$3.43
-1.60%$0.37752
-1.71%$552.59
-1.01%$0.313475
17.80%$24.28
-2.48%$0.236566
-2.10%$4,466.47
-2.56%$9.57
0.33%$112.16
-1.49%$3.17
-0.82%$0.999801
-0.01%$0.0000125
-0.51%$1.00
-0.01%$43.24
-0.72%$112,060.00
-0.16%$3.91
0.40%$9.85
-1.42%$1.19
0.08%$4.59
-1.53%$268.45
-0.54%$315.42
-2.71%$0.662253
6.42%$0.00001005
-1.08%$1.27
5.84%$170.02
-1.89%$21.54
-1.64%$260.09
2.53%$328.11
-2.55%$2.50
-2.67%$4.40
-0.21%$0.934627
-1.27%$0.351824
2.63%$1.001
0.09%$0.514008
0.18%$5.03
-0.76%$4,466.19
-2.71%$0.244083
0.32%$1.001
0.01%$228.09
2.23%$1.00
0.00%$0.088592
0.54%$0.250286
-1.41%$4.64
1.23%$0.02512642
-0.49%$17.15
0.84%$5,081.26
-2.56%$5.51
0.69%$4.53
-0.25%$1.065
0.02%$4,680.63
-2.59%$0.0299276
-2.69%$3.61
-1.64%$6.16
1.63%$0.943444
-0.87%$0.296018
-1.76%$13.63
4.05%$8.51
0.37%$0.999225
-0.03%$4,698.12
-2.54%$0.640421
-0.80%$46.46
-5.43%$0.00002122
-0.80%$4,821.77
-2.71%$2.34
-0.37%$0.518595
2.71%$0.02203855
-0.53%$111,988.00
-0.18%$103.88
-1.02%$0.063907
-4.64%$1.00
-0.01%$0.999739
-0.02%$3.68
3.35%$0.078845
-0.42%$4,715.85
-2.40%$13.87
2.97%$0.999838
-0.01%$4,780.83
-2.71%$0.02731638
-1.83%$1.71
0.06%$3,427.06
0.92%$1.27
1.16%$241.22
2.58%$0.715414
0.92%$869.53
0.71%$0.99973
-0.00%$0.997329
-0.07%$0.648567
-0.18%$111,965.00
-0.22%$0.00319699
3.01%$1.24
-2.87%$1.19
-6.47%$0.793729
-3.90%$0.188416
59.49%$1.20
-7.48%$0.999934
-0.10%$0.32372
1.65%$0.53339
-2.78%$3.78
2.22%$4,466.78
-2.48%$280.29
2.19%$1.12
0.01%$3,418.52
0.89%$0.09152
0.34%$0.186017
7.12%$0.00009711
-0.50%$111,967.00
-0.22%$0.156136
1.30%$0.345869
1.66%$2.59
-0.99%$4,443.10
-2.75%$4,332.80
-2.58%$111,975.00
0.59%$4,464.45
-2.76%$0.831677
0.16%$0.783408
-1.81%$0.823869
-1.14%$4.90
-5.54%$0.80332
0.02%$0.503681
0.09%$23.97
-2.95%$0.198643
0.06%$1.20
1.09%$0.01663089
-0.52%$2.02
1.90%$0.02388239
0.80%$112.34
0.01%$0.01501344
-1.09%$2.10
-4.67%$0.414122
-1.28%$0.999677
-0.02%$0.683032
17.83%$0.279535
-1.85%$0.00913123
-0.33%$4,754.92
-2.59%$0.997244
-0.19%$41.79
-0.60%$1.08
-0.57%$4,787.69
-2.54%$0.412745
5.05%$111,768.00
0.01%$4,466.47
-2.56%$0.00000066
-0.09%$4,909.59
-2.74%$4,882.36
-2.91%$0.998493
0.04%$0.221416
-0.30%$0.398987
-1.41%$111,961.00
-0.24%$0.172123
-1.40%$0.289875
0.29%$0.077158
1.48%$0.999483
-0.03%$26.63
-0.59%$1.11
1.67%$4,432.77
-2.80%$0.131772
0.11%$7.03
-2.18%$0.997239
-0.04%$2.64
-1.20%$0.04941168
-2.50%$0.628108
0.52%$0.434022
-6.05%$110,953.00
0.25%$4,468.66
-2.68%$234.90
2.99%$0.581184
-0.47%$0.00780398
0.03%$0.00493884
-5.03%$0.00000046
-0.28%$1.00
0.06%$0.062137
-0.47%$0.999666
-0.09%$0.02299326
-5.41%$6.73
0.10%$0.433209
-1.49%$1.16
-0.02%$1.24
-1.32%$0.999829
0.01%$6.33
-0.80%$14.90
-0.96%$7.45
0.22%$29.70
-2.54%$0.999811
-0.00%$5,410.00
-2.65%$44.08
-1.07%$0.01186407
1.15%$0.380927
2.87%$1.096
0.00%$5.14
0.04%$0.00002047
-0.37%$1.24
-1.16%$1.001
-0.64%$0.334983
-3.46%$0.04021635
0.84%$10.80
0.01%$2.34
-0.25%$24.28
-2.57%$0.00730437
-1.83%$0.077752
5.58%$22.43
-0.65%$0.03219005
0.78%$46.40
-5.13%$111,974.00
-0.23%$0.03685637
3.21%$0.588579
-2.90%$0.00423185
-4.46%$240.24
1.92%$0.00000092
-7.83%$0.514217
-2.87%$0.17465
-3.53%$1.098
0.02%$4,467.23
-2.63%$0.14097
-1.35%$4,684.40
-2.60%$3.51
12.69%$0.999547
0.02%$0.250916
-0.07%$5,020.84
-2.73%$130.34
-2.20%$2.74
7.03%$0.126035
1.46%$0.505586
0.54%$1.21
0.39%$0.16016
-0.51%$0.00006016
0.79%$7.54
-4.16%$110,794.00
-1.23%$1.19
-1.69%$0.313147
0.16%$0.785899
-11.45%$1.00
0.02%Reading
With El Salvador’s Bitcoin project just two weeks away, President Nayib Bukele said that using the cryptocurrency won’t be mandatory for citizens.
“This will be what happens on September 7: People will be able to download an application to receive payments or gifts in Bitcoin or US dollars. If they want they will download the app, and if they don’t want to, no,” he tweeted today.
That app is the country’s official Bitcoin digital wallet, called Chivo.
Chivo will reportedly allow Salvadorans to accept Bitcoin, open a small business, and send Bitcoin without commission charges. But in the face of criticism against forcing Salvadorans to adopt Bitcoin, it appears the president is giving those uninterested in Bitcoin—and there are many—a back door.
“If you don’t want to, you can always go to the Western Union queue and pay commission. There is no problem,” the president added in a thread. “And what if someone doesn’t want to use Bitcoin? Well, nothing, do not download the app and continue your normal life,” he added.
The president also said “if someone wants to continue loading cash, not receive entry bonus, not win over customers who have Bitcoin, not grow your business and pay commission on remittances, you can keep doing it.”
But there’s one problem.
President Bukele’s thread directly contradicts an article in the country’s Bitcoin Law written earlier this year.
If we read El Salvador’s Bitcoin legislation literally, it tells prospective service providers that they will be forced to accept Bitcoin when it is offered as a means of exchange.
“Every economic agent must accept Bitcoin as payment when offered to him by whoever acquires a good or service,” reads Article 7 of El Salvador’s Bitcoin Law.
That, in turn, makes it difficult to understand what Bukele means when he says people do not have to embrace Bitcoin after September 7.
Elsewhere in the thread, the president said there will be 200 ATMs that will be “everywhere” in the country.
Todo el #bitcoin que reciba se convertirá automáticamente en dólares (si así lo desea) y lo podrá dejar en la billetera electrónica o retirarlo en efectivo en cualquiera de los 200 cajeros que estarán en todas partes.
También habrán 50 sucursales para retirar o depositar dinero.
— Nayib Bukele 🇸🇻 (@nayibbukele) August 23, 2021
He also said there will be Chivo kiosks built everywhere in the country and that they are designed to help citizens understand how to use the app, how to withdraw or deposit funds, and, generally, offer help on how Bitcoin works.
Stablecoin-backed card company Rain, which partnered with Visa this year, has raised $58 million as part of a series B funding round, the company said in an announcement Thursday. The raise brings the company's total funding to $88.5 million. Rain, which closed its A round five months ago, said the money would be used to grow the firm's platform and "give global institutions the most flexible, modular, and compliant stablecoin infrastructure available." Venture capital firm Sapphire Ventures le...
Switzerland-based stablecoin platform M0 raised $40 million in Series B funding, as it seeks to shake up the relationship between token issuers and blockchain developers, according to a press release on Thursday. The funding round, which included Polychain Capital, Ribbit Capital, and the Endeavor Catalyst fund, also saw participation from existing investors like Pantera and Bain Capital Crypto, M0 said. The firm has now raised $100 million since its establishment in 2023. The development comes...
U.S. trading app Webull launched crypto services for Australian users on Wednesday, offering access to hundreds of different digital assets in a move experts say will force local exchanges to slash fees or risk losing customers. The launch through Coinbase Prime adds Australia as Webull's third crypto market, alongside the U.S. and Brazil, with the company promising a 30-basis-point spread, according to a statement. Industry experts predict the entry will trigger competitive pressure across Aust...
