El Salvador Archives - Web 3 Africa

El Salvador May Become One of the World’s Richest Countries Due to Bitcoin Holdings

Bukele had initiated a strategy for the nation to acquire 1 BTC daily, accumulating over 2,000 BTC, which is now valued at upwards...

News March 27, 2024

Bench-marking with the top three blockchain countries

In 2022, despite the horrendous crypto crash, experts valued the Global Web 3.0 Market at $3.34 billion. In June 2021, El Salvador became...

News July 20, 2023

Australia kicks-off the year at a high not in the crypto market

Australia has officially dethroned El Salvador as the world's fourth-largest Crypto ATM hub. By 2023, it had 219 active crypto ATMs overshadowing El...

News January 3, 2023

El Salvador beefs up on the already existing Bitcoin Law

President Nayib Bukele added several laws advocating the incorporation of other digital currencies within the crypto ecosystem He stated that making Bitcoin legal...

News November 29, 2022

Bitcoin, El Salvador make headlines in the Guinness world records 2023

Bitcoin earned a Guinness world record 2023 recognition as the most valuable decentralized cryptocurrency El Salvador received recognition as the first country to...

News October 20, 2022

What we learnt from El Salvador, Bitcoin 1 year later

El Salvador’s master plan included the launch of a Bitcoin volcanic bond; cryptocurrency-backed government borrowing Just 6 months after it came into effect,...

News October 1, 2022

Central African Republic announces plans for a central bank digital currency

The Central African Republic has announced plans to introduce a Central Bank Digital Currency in the 3rd quarter of 2022 The currency to...

News July 13, 2022

The Lightning Network: A critical tool to the success of crypto in Africa

The Lightning Network is a second-layer payment protocol that operates on top of a blockchain that intends to solve the scalability problems of...

News May 26, 2022

IMF to assist El Salvador in bitcoin currency implementation despite past stance

President Nayib Bukele has bought over 2,301 Bitcoin. The total purchases cost about US$104 million that he has taken for it from public funds ...

News May 24, 2022

El Salvador hosts 44 countries to discuss the future of bitcoin in governance

The ongoing 2022 crypto crash has cost El Salvador over US$40 million President Nayib Bukele announced on his Twitter page that the country...

News May 17, 2022

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