Government-backed app to let Salvadorans send and hold digital dollars
Bloomberg reports that the app will use Coinbase’s Base network and support remittances. The move comes five years after El Salvador made Bitcoin legal tender.
TLDR
Bloomberg reports that a government-backed app will let Salvadorans send and hold digital dollars, including for remittances, using Coinbase’s Base network. The government is turning to dollar-backed stablecoins five years after making Bitcoin legal tender.
Combined views
40.4K
2 Sources, first seen 1h ago
likes