El Salvador weekly

El Salvador’s Bitcoin Remittances Drop Again Despite Potential Savings

El Salvador’s Bitcoin Remittances Drop Again Despite Potential Savings
El Salvador’s Bitcoin Remittances Drop Again Despite Potential Savings
October 28, 2022  |  Cryptocurrency

Low-cost remittances were one of the key selling points Salvadoran President Nayib Bukele cited when announcing the law that made bitcoin a legal tender in...

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Bitcoin Popularity Fading Further in El Salvador
Bitcoin Popularity Fading Further in El Salvador
October 21, 2022  |  Cryptocurrency

Two-thirds of Salvadoran citizens consider President Nayib Bukele’s bitcoin policy a failure and more than three-quarters have never used it, German public news outlet Deutsche...

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El Salvador Weekly: One Year in, Bitcoin Currency Experiment Has Bombed
El Salvador Weekly: One Year in, Bitcoin Currency Experiment Has Bombed
September 09, 2022  |  Cryptocurrency

The anniversary of El Salvador’s experiment with bitcoin as a legal tender hit without much fanfare on Sept. 7, as it takes a fair bit...

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El Salvador Weekly: Bonds Bounce Back
El Salvador Weekly: Bonds Bounce Back
August 26, 2022  |  Cryptocurrency

In late July, a Morgan Stanley analyst told clients that they should buy El Salvador’s badly distressed bonds, which have repeatedly been cut deep into...

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El Salvador Weekly: What Disappearing Bitcoin ATMs?
El Salvador Weekly: What Disappearing Bitcoin ATMs?
August 19, 2022  |  Cryptocurrency

El Salvador’s finance minister, Alejandro Zelaya, said on Aug. 11 that “the Salvadoran population continues to use Bitcoin and the Chivo Wallet,” in the words...

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El Salvador Weekly: Four Questions for President Bukele on ‘Doubt’ Surrounding Bitcoin
El Salvador Weekly: Four Questions for President Bukele on ‘Doubt’ Surrounding Bitcoin
August 15, 2022  |  Cryptocurrency

Salvadoran President Nayib Bukele added his voice to the bragging ministers after the United Nations World Tourism Organization’s (WTO) Aug. 1 World Tourism Barometer report...

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El Salvador Weekly: Tourism Minister Says Bitcoins Led to Spike in Visitors
El Salvador Weekly: Tourism Minister Says Bitcoins Led to Spike in Visitors
August 05, 2022  |  Cryptocurrency

It’s hard to know whether they were spending bitcoins or dollars, but the amount tourists spent in El Salvador spiked to pre-pandemic numbers, according to...

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El Salvador Weekly: Bond Buyback Hopes to Stem Bitcoin-Related Default Fears
El Salvador Weekly: Bond Buyback Hopes to Stem Bitcoin-Related Default Fears
July 29, 2022  |  Cryptocurrency

El Salvador will buy back $1.6 billion worth of its sovereign bond, hoping to pull its highly discounted debt out of deep junk territory and...

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El Salvador Weekly: Morgan Stanley Says Buy El Salvador Bonds (at 28 Cents on the Dollar)
El Salvador Weekly: Morgan Stanley Says Buy El Salvador Bonds (at 28 Cents on the...
July 23, 2022  |  Cryptocurrency

For months now, everybody’s been screaming that El Salvador’s bitcoin-as-currency experiment will bring the country’s economy down in ruins. Get the Full Story Complete the...

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