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BBCNEWS El Salvadors Big Bitcoin Gamble June 4, 2024 20:39:00 - Vimarsana News

BBCNEWS El Salvadors Big Bitcoin Gamble June 4, 2024 20:39:00

Like, "you know what, i'm willing to keep 50% in bitcoin, 50% in usd." so i think people are like getting like more educated and learning more about — about bitcoin. how many properties have you sold so far in bitcoin? four properties. and what was the most valuable property you sold in bitcoin? we just closed it like two months ago — it was $700,000. how did that feel? amazing. so far, it's been really good for the economy, i believe, and also for the real estate. aaron runs his estate agents from el tunco. it's a small town, just five minutes along the coast from bitcoin beach. but here,...

BBCNEWS El Salvadors Big Bitcoin Gamble June 4, 2024 20:49:00 - Vimarsana News

BBCNEWS El Salvadors Big Bitcoin Gamble June 4, 2024 20:49:00

In fact, the bukele government is doubling down on bitcoin. what i was going to present to you...bitcoin city. cheering. he's hoping to raise the money for the state—of—the—art city by selling a billion dollars of so—called volcano bonds, named after a key part of the plan to build the city at the foot of a volcano. he hopes to harness geothermal energy to not only power the city, but also, a huge bitcoin mining industry. this is the country's largest state—run geothermal power plant, and tucked away in the back is a small bitcoin mine.

BBCNEWS El Salvadors Big Bitcoin Gamble June 4, 2024 20:32:00 - Vimarsana News

BBCNEWS El Salvadors Big Bitcoin Gamble June 4, 2024 20:32:00

Now on bbc news... joe tidy reports on president nayib bukele�*s bitcoin plans in el salvador, with investment of more than $300 million of public money and plans to build a "bitcoin city". el salvador is the only country in the world where you can buy almost anything with bitcoin. buenos dias. si, caballero. last september, the country's cryptocurrency—loving president took the unprecedented decision to make bitcoin legal tender. this will generate jobs and help provide financial inclusion to thousands outside the formal economy. around the world, the move is being criticised by the finan...

BBCNEWS El Salvadors Big Bitcoin Gamble June 4, 2024 20:44:00 - Vimarsana News

BBCNEWS El Salvadors Big Bitcoin Gamble June 4, 2024 20:44:00

It can't be 25 cents. 25...? ce ntavos ? si. we were told by staff here that the multimillion—pound centre was all being paid for with the profits of bitcoin. but when asked, the government couldn't tell us where these profits were coming from. president bukele has invested nearly $100 million

BBCNEWS El Salvadors Big Bitcoin Gamble June 4, 2024 20:40:00 - Vimarsana News

BBCNEWS El Salvadors Big Bitcoin Gamble June 4, 2024 20:40:00

No? solo dolares. 0k, gracias. the capital, san salvador, is about one hour drive north. here, the bitcoin usage is smaller still. i should be able to send my bitcoin from any app to any wallet, but they only accept chivo. people here think the chivo app is bitcoin. no, send again. the chivo app is a heavily promoted and heavily subsidised digital wallet. the government gives every adult who signs up $30 in bitcoin forfree. it's also installed hundreds of these kiosks, allowing people to turn dollars into bitcoin and vice—versa with almost zero fees. the government says the app has been a bi...