Pro-crypto city of Lugano and El Salvador sign economic agreement based on adoption
[ad_1] Switzerland’s southern city of Lugano and El Salvador have signed an economic cooperation agreement based on crypto and blockchain. According to an Oct. 28 announcement from Lugano, the two pro-crypto jurisdictions signed a memorandum of understanding on economic cooperation at the city’s Plan B event. Lugano Mayor Michele...
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Lugano and El Salvador Lead Bitcoin Adoption, Others to Follow?
[ad_1] Earlier this month, Swiss city Lugano accepted Bitcoin as legal tender in the region. The authorities also encouraged local businesses to accept crypto payments in everyday transactions. While Lugano’s crypto announcement surprised anti-bitcoiners, the crypto community’s reaction was pretty normal as they expected more countries and regions to...
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El Salvador introduces fuel subsidy of $0.20 per gallon to locals who pay in BTC
[ad_1] Salvadoran president Nayib Bukele has announced that local consumers can enjoy a $0.20 per gallon reduction in petrol prices when paying using the government-backed Bitcoin wallet, Chivo. Describing the news as “positive news for the pockets of Salvadorans,” the president announced the subsidy via Twitter on Sept. 30....
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El Salvador ranks third in global Bitcoin ATM installations, data finds
[ad_1] El Salvador now hosts the third-largest network of crypto ATMs after the United States and Canada, amounting to 70% of all crypto ATMs in South America. According to data from Coin ATM Radar, El Salvador has exceeded United Kingdom’s crypto ATM count after deploying 205 crypto ATMs to...
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El Salvador buys the dip as Bitcoin price flash crashes to $42.9K
[ad_1] Bitcoin (BTC) holders took profits on Tuesday, just as El Salvador moved to recognize the digital currency as legal tender in a landmark move that could have significant implications for global adoption. After hitting local highs north of $52,800 on Monday, Bitcoin’s price plunged all the way to...
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