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🏦 El Salvador's Largest Bank Adopts Bitcoin

Learn more about El Salvador's Bitcoin adoption and the top stories of Friday!

Hey Blockster, El Salvador has been featured on the headlines of not just crypto but mainstream media outlets as well. And for a valid reason. The Latin American nation has become the first in the world to make Bitcoin a legal tender along with the US dollar that has been serving as the official currency of the country. While the Bitcoin law was passed back in June, it came into effect on September 7. As a result, the nation's citizens can now officially utilize BTC to settle their everyday payments and cover their expenses. That said, El Salvador's ambitious and bold experiment with adopting the cryptocurrency wasn't as flawless as initially expected. In addition to a network outage of the government's Chivo wallet, many of the citizens opposed the idea of using BTC and filled the streets to protest against the state's move. Despite all this, it seems that a growing number of businesses and institutions are adopting Bitcoin, which includes Bancoagrícola, El Salvador's largest bank. According to a recent announcement, the financial institution partnered with the crypto payments gateway Flexa to offer BTC transactions for both its merchant and retail clients. Check out the following article on Blockdesk to learn the details of the story.  In addition to the El Salvador story, don't forget to take a look at the Blockdesk articles we have collected for you today. Ethereum's Community Support of Ethiopia in the Ongoing Tokyo Olympics – The crypto community is full of surprises. This time, cryptocurrency enthusiasts discovered that the official hashtag of Ethiopia's Olympics team is #ETH, which is also the ticker of Ethereum's native digital asset. They leveraged this fact to support the African nation's team and promote the use of blockchain technology. PancakeSwap Vs. Sushiswap – Which is Better? – In DeFi, projects increasingly utilize automated market maker (AMM) protocols to operate supercharged and highly liquidity decentralized exchanges (DEXs). As a result, there are many solutions to swap coins, from which PancakeSwap and Sushiswap are among the most popular choices of users. But which DEX should you choose? How much is silver worth? Does it compete with Bitcoin? – While many articles explore how Bitcoin resembles gold, there isn't much content around silver and crypto. However, you can check out this Blockdesk blog to learn the essentials of silver along with its potential connections with the digital asset market. Harvest Finance (FARM) Surges 160% After Coinbase Pro Listing – Coinbase Pro is a popular crypto exchange that lists coins gradually over time. However, when one hits the trading platform, it usually comes with major price movements. And this has been exactly the case with FARM, which has surged 160% after its Coinbase Pro listing. These are all the crypto stories we have collected for you this week. We will return with a new batch of exciting Blockdesk articles on Monday. Cheers, The Blockster Team © 2021 Blockster. All rights reserved This message was sent to lelakikelasmenengah@gmail.com by info@blockster.com Queensway, Midtown, Giblartar GX11 1AA, Gibraltar Unsubscribe | Manage Subscription | Forward Email

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