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Discover all the payments and fintech-related news and analysis about El Salvador in The Paypers News, Reports, along with other El Salvador-specific insights on the payments and fintech industry:

Discover all the payments and fintech-related news and analysis about El Salvador in The Paypers News, Reports, along with other

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Nium, Banco Hipotecario to provide cross-border payments solution

News | Payments General | 30 Oct 2020

Nium and Banco Hipotecario, state bank in El Salvador, have announced a strategic collaboration to provide international transfer offerings across the country.

Nium, Banco Hipotecario, cross-border payments, partnership, El Salvador, LATAM, digital payments, online payments

El Salvador, first country to adopt Bitcoin as legal currency

News | Cryptocurrencies | 10 Jun 2021

El Salvador has become the first country in the world to adopt Bitcoin as legal tender after Congress approved President Nayib Bukele’s proposal to embrace the cryptocurrency.

cryptocurrency, central bank, regulation, Bitcoin

El Salvador gets no help from World Bank to implement Bitcoin

News | Cryptocurrencies | 17 Jun 2021

The World Bank has rejected a request from El Salvador to help with the implementation of Bitcoin as legal tender.

central bank, blockchain, Bitcoin, cryptocurrency

IMF warns El Salvador about risks of Bitcoin, again

News | Cryptocurrencies | 31 Aug 2021

The IMF has revived the warnings published in a blog post in July 2021 and recapped that recognising Bitcoin as national currency represents an ‘inadvisable shortcut.’

Bitcoin, digital assets, digital currency, CBDC, risk management

El Salvador to create 'Bitcoin City'

News | Cryptocurrencies | 22 Nov 2021

El Salvador, the only country in which Bitcoin is a legal tender, has announced plans to build an entire city based on the cryptocurrency.

cryptocurrency, Bitcoin, digital assets

IMF urges El Salvador to drop Bitcoin

News | Cryptocurrencies | 27 Jan 2022

The International Monetary Fund (IMF) has urged El Salvador to abandon Bitcoin, saying the cryptocurrency could pose risks to national financial stability

Bitcoin, central bank, regulation, cryptocurrency

El Salvador to launch first Bitcoin bond

News | Cryptocurrencies | 10 Feb 2022

El Salvador has announced plans to issue its first Bitcoin bond in March 2022, as finance minister Alejandro Zelaya said on 8 February.

crypto, regulation, central bank, Bitcoin

El Salvador postpones issuing of Bitcoin bonds

News | Cryptocurrencies | 24 Mar 2022

The government of El Salvador has decided to postpone the issue of a Bitcoin- (BTC)-backed bond due to the unfavourable market conditions fuelled by the geopolitical crisis.

crypto, digital assets, central bank, Bitcoin, CBDC