El Salvador’s Bitcoin Chivo Wallet: Western Union, MoneyGram to Lose $400M per Year
El Salvador’s new wallet, the Chivo wallet, will cost Western Union and others a loss of over $400 million as adoption continues.
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El Salvador’s new wallet, the Chivo wallet, will cost Western Union and others a loss of over $400 million as adoption continues.
Ukraine is known to have adopted an aggressive stance before regarding cryptocurrency transactions in the country.
Robinhood also promised commission-free transactions to investors irrespective of the volume of transactions in Bitcoin, Ethereum, Dogecoin, and other cryptocurrencies on the platform
With this partnership, users of UATP’s network will enjoy faster, less expensive, and more secure transactions while booking their flights with their crypto holdings.
With his company, Galaxy Digital, in the process of acquiring BitGo, Novogratz also commented on El Salvador’s Bitcoin moves.
Tweeting from a Mcdonald’s location in San Salvador, Journalist Aaron van Wirdum confirmed the availability of BTC transactions.
According to Sonnenshein, the SEC would be making a mistake if it approves Bitcoin-based ETF in the US before granting approval for one tied to the crypto itself.
Bitcoin (BTC) faced its strongest drop after a 70% bounce back since the mid-July levels. El Salavador buys the Bitcoin dip adding 150 additional Bitcoins.
Standard Chartered also said that Ether has more functionality and may potentially replace Bitcoin as the world’s most prominent crypto.
The bill will allow Panama to become the choice jurisdiction for companies seeking to issue any type of asset.
As Bitcoin is strengthening its positions, many top crypto assets are following the trend.
The wallet is fully compatible with HitBTC exchange. Traders with active HitBTC account can easily link it to their wallet app and use both of them simultaneously.
El Salvador passed the law to adopt Bitcoin as legal tender alongside the United States dollar back in June.
A Reddit user calculated that if only all 3.3 million members of the BTC community on Reddit support the initiative, they will be able to inject $99.5 million into Bitcoin.
There are a few key things to also watch out for in Bitcoin this week. The asset passed the $51,000 barrier after multiple attempts to break through $50,000.