President of El Salvador says the country bought 550+ bitcoins on Monday, as the law making bitcoin legal tender in El Salvador goes into effect
El Salvador President Nayib Bukele announced on Twitter his government bought 200 BTC on Monday, a day before the country's Bitcoin Law … Source: @nayibbukele and @nayibbukele .
CoinDesk Muyao Shen
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Discussion
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@nayibbukele
@nayibbukele
on x
El Salvador has just bought it's first 200 coins. Our brokers will be buying a lot more as the deadline approaches. #BitcoinDay #BTC🇸🇻
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@nayibbukele
@nayibbukele
on x
El Salvador just bought 200 new coins. We now hold 400 #bitcoin #BitcoinDay 🇸🇻
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@binance
@binance
on x
Welcome to #Bitcoin, El Salvador. https://twitter.com/...
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@nayibbukele
@nayibbukele
on x
Release him! 😡 @Apple, @Google, @Huawei #BitcoinDay #BTC🇸🇻 https://twitter.com/...
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@davidgerard
@davidgerard
on x
Salvadorans are already comparing the Chivo launch to the government's previous huge IT screwup, the Covid-19 subsidy website in 2020 https://twitter.com/...
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@davidgerard
@davidgerard
on x
The Chivo app is not available yet, and the President is up tweeting excuses at 6am https://twitter.com/...
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@ivanthek
@ivanthek
on x
Wake me up when all their goods, services and tax liabilities are actually denominated in Bitcoin. Merely mandating acceptance of Bitcoin as legal tender for liabilities denominated in fiat currency (read: USD) doesn't cut it. https://twitter.com/...
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@ftx_official
FTX
on x
Would you like to apply for Individual or Institutional KYC? ...Country https://twitter.com/...
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@josephmdurso
Joey D'Urso
on x
Baffled by El Salvador's Bitcoin experiment, and how Bitcoin is appropriate for remittances when it's so volatile? You send $1,000 from the US to ES... whoops, it's worth $700 now. Sorry you can't pay your rent! (Maybe it goes the other way but if you're poor that's a big risk.) …
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@mdudas
Mike Daodas
on x
lol, the presidential pump https://twitter.com/...
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@gladstein
@gladstein
on x
The year is 2021. A nation state has just announced on a popular global social media platform called Twitter that it has bought $10 million in Bitcoin. https://twitter.com/...
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@malemayehou
@malemayehou
on x
Nigeria, Togo, Kenya, South Africa, Tanzania in the top list for crypto adoption. Cryptocurrencies: developing countries provide fertile ground https://www.ft.com/... #africa #cryptocurrecy
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@rhaplord
isaac Samuel
on x
it seems there's alot we don't know about crypto-currencies in africa (and emerging markets in general) eg, why kenya has a higher rate of crypto-currency adoption than nigeria despite very different macro-economic environments https://www.ft.com/... https://twitter.com/...
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@documentingbtc
@documentingbtc
on x
In developing countries which have a history of financial instability or where the barriers to accessing traditional financial products such as bank accounts are high, #bitcoin use is fast becoming a fact of daily life. #Bitcoin secures their future. https://www.ft.com/... https:…
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@adam_tooze
Adam Tooze
on x
In August Sub-Saharan Africa P2P bitcoin trading overtook NorthAmerica for the first time. https://www.ft.com/... https://twitter.com/...
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@adam_tooze
Adam Tooze
on x
Asia accounts for half of all crypto-users. There are more bitcoin bros in Africa than in North America. This is fascinating by @Jonthn_Wheatley @AdrienneKlasa https://www.ft.com/... https://twitter.com/...
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@reziemba
Rachel Ziemba
on x
Important read on crypto currencies in many EM/frontier economies including some useful data “Emerging markets are fertile ground for cryptocurrencies, often because their own are failing to do their job.” -high cost transfers an important driver https://www.ft.com/...
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@gladstein
Alex Gladstein
on x
“In Lagos a software coder bills her client in London and is paid in bitcoin, sidestepping a costly banking system and the naira currency's miserly official exchange rate” Good @FT overview on how Bitcoin is on the rise in a huge way in emerging markets: https://www.ft.com/...
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@financialtimes
@financialtimes
on x
Sometimes dismissed as a fad in advanced economies, crypto holds more appeal in countries with a history of financial instability https://www.ft.com/... https://twitter.com/...