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.

coindesk.com

Relevant topic timeline:

8/24/2023

CBDCs are the future of global money

Central banks are exploring the issuance of digital currencies to promote financial inclusion and provide easier access to money for unbanked populations, with the potential to reduce dependence on cash, increase local currency adoption, and impact the role of international currencies such as the US dollar.

8/24/2023

Oman’s Bold Bitcoin Play: $1.1 Billion Investment On Bitcoin Mining Infrastructure

The government of Oman is supporting investments in bitcoin mining centers and embracing modern technologies to diversify its economy and uphold sustainable practices while adhering to Islamic law. This initiative, which has attracted over $1.1 billion in investment, positions Oman as a potential leader in the crypto economy and digital advancement.

8/29/2023

Bitcoin's Evolution Into A Legitimate Form Of Money

Bitcoin, as the world's first decentralized digital currency, is challenging traditional notions of money by empowering individuals, offering a store of value, and demonstrating a growing network effect. With its scarcity, transparency, and potential for financial inclusion, bitcoin is positioning itself as a transformative force in the digital age.

9/5/2023

El Salvador to introduce Bitcoin education in schools by 2024

The Ministry of Education of El Salvador has partnered with nonprofit Mi Primer Bitcoin to introduce Bitcoin education into the country's public school curriculum by 2024, with the aim of becoming an example for the world and potentially inspiring other nations to implement similar programs.

9/14/2023

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

Bull Bitcoin has partnered with SINPE Movil and Bitcoin Jungle to allow citizens of Costa Rica and foreigners to convert the local currency to Bitcoin and vice versa, as part of its international expansion plans.

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Posted 8/28/2023, 2:28:00 PM

The Bitcoin Circular Economy Battles Entrenched Mindsets in El Salvador

coindesk.com

Relevant topic timeline:

8/24/2023

CBDCs are the future of global money

8/24/2023

Oman’s Bold Bitcoin Play: $1.1 Billion Investment On Bitcoin Mining Infrastructure

8/29/2023

Bitcoin's Evolution Into A Legitimate Form Of Money

9/5/2023

El Salvador to introduce Bitcoin education in schools by 2024

9/14/2023

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