ÐIGITΛL ΛSSΞTS EÐUCΛTION LLC: El Salvador

Showing posts with label El Salvador. Show all posts

Thursday, February 10, 2022

American Ratings Firm Lowers El Salvador's Credit Rating

American credit rating agency Fitch Ratings lowers El Salvador’s long-term Issuer Default Rating, mentioning the “adoption of Bitcoin as legal tender” as a factor for the downgrade.

Will traditional finance ever accept @nayibbukele’s decision? https://t.co/fyaOjIgxW7
— Cointelegraph (@Cointelegraph) February 10, 2022

Tuesday, January 25, 2022

IMF Encourages El Salvador To Remove BTC Legal Tender

#BREAKING IMF urges El Salvador to remove Bitcoin as legal tender pic.twitter.com/QGnN5aoHMt
— AFP News Agency (@AFP) January 25, 2022

Thursday, January 20, 2022

Turkey's Erdogan To Meet With President of El Salvador

Today could one day be viewed as a pivotal turning point in human historyhttps://t.co/qS2cKhaBR8
— Masa Capital (@MasaSonCap) January 20, 2022

What Is Bitcoin BTC?

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.

Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”

Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.