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El Salvador s national debt is already reaching troubling proportions. The company that has run a Bitcoin ATM in the Salvadoran beach town of El Zonte for about a year announced it was installing a second machine in the capital and plans to put in at least a dozen others at shopping malls. The machines give dollars in exchange for Bitcoin or takes dollars and gives credit in Bitcoin. The digital currency can be used in El Salvador in any transaction and any business will have to accept payment in Bitcoin, with the exception of those lacking the technology to do so. The US dollar will also continue to be El Salvador s currency and no one will be forced to pay in Bitcoin, according to the legislation. ....
El Salvador offers USD30 bitcoin starter account, use optional borneobulletin.com.bn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from borneobulletin.com.bn Daily Mail and Mail on Sunday newspapers.
World Bank rejects El Salvador's request to help implement bitcoin yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Acuerdo con FMI deberá amarrar medidas para que crezca la economía | GDA – Grupo de Diarios América gda.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gda.com Daily Mail and Mail on Sunday newspapers.
3 Min Read (Reuters) - El Salvador is talking to the International Monetary Fund (IMF) about securing some $1.3 billion in financing and sees a “golden opportunity” to revitalize its economy after the ruling party’s big win in legislative elections, a top government official said. FILE PHOTO: Street vendors and municipality workers clean a street to start serving customers as economy reopens after a three month closure, as the coronavirus disease (COVID-19) outbreak continues, in downtown San Salvador, El Salvador June 18 2020. REUTERS/Jose Cabezas Finance Minister Alejandro Zelaya told Reuters in an interview that El Salvador wants to get a 36-month extended fund facility approved by the IMF, similar to the program announced this week for fellow Central American country Costa Rica. ....