Bitcoin Payment Platform Bull Bitcoin Partners with Costa Rica's SINPE Movil for Local Currency Conversion

Bull Bitcoin forms partnership with SINPE Movil, Costa Rica's main fiat payment system, and Bitcoin Jungle crypto wallet
Allows conversion between local currency Colones, Bitcoin, and bank accounts in Colones and USD
Merchants can "cash out" Bitcoin quickly into fiat through SINPE Movil
Marks Bull Bitcoin's international expansion, plans to expand to over 1 billion people globally
Costa Rica among countries covered by Binance's new crypto-to-bank Send Cash product

cointelegraph.com

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8/28/2023

The Bitcoin Circular Economy Battles Entrenched Mindsets in El Salvador

Bitcoin is facing challenges in achieving mass adoption in El Salvador due to the educational barrier and the preference for cash among the unbanked population, but initiatives like DitoBanx and Bitcoin Beach are working to create a more accessible and user-friendly bitcoin ecosystem in the country.