Via Bitcoin Magazine, a report on a new link between El Salvador and Texas, borne out of Bitcoin: After opening its first Bitcoin Embassy in Lugano, Switzerland, El Salvador is opening a second one in Texas. According to a tweet from El Salvador’s Ambassador to the United States, Milena Mayorga, a meeting took place between her, other representatives […]
Read more »Via Rest of World, a look at the rise and fall of a local delivery app in El Salvador: From the moment it launched in 2017, Hugo, a last-mile delivery service that offered users everything from food and cash delivery to concert ticket collections, went toe-to-toe against Uber Eats and other global delivery giants. For […]
Read more »Via The Guardian, a report on how El Salvador’s bet on bitcoin and its tumbling value has put the Central American country in a financially precarious spot that China is opportunistically capitalizing on: As crypto-Twitter cascaded with apocalyptic memes about the bankruptcy of cryptocurrency exchange FTX and the sharp drop in the bitcoin price, one account has remained […]
Read more »Via MIT Technology Review, an interesting story on crypto millionaires who are pouring money into Central America to build their own cities: Every day, a repurposed garbage truck ferries visitors up El Salvador’s Conchagua Volcano to an ecotourism retreat. The vehicle thunders along a cratered road, tossing passengers from side to side. At the summit, […]
Read more »Courtesy of The Financial Times, an article on the small businesses from China which are scouring the globe for important strips of land: Three years ago, Xu Changyu made his first attempt to get his hands on an island in the South Pacific. The vice-president of China Sam Enterprise Group quietly negotiated a 75-year lease […]
Read more »Via BlockWorks, a report on El Salvador’s bitcoin experiment: Four months after bitcoin became legal tender, El Salvador citizens and businesses are taking longer to adjust than the president would like From a rocky economic situation to a troublesome crypto wallet, the country has faced challenges in getting the bitcoin program up and running At […]
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