A World First! El Salvador Breaks Ground Again with Bitcoin (BTC)! Here's What You Need to Know…
El Salvador, which broke new ground by accepting Bitcoin as legal currency, has achieved another world first.
At this point, El Salvador has officially announced its plan to establish the world's first Bitcoin bank.
As El Salvador prepares to launch the world's first 'Bitcoin bank,' the BTC bank project has faced obstacles such as unclear rules, IMF resistance, and volatility.
Although details have not yet been disclosed, it is stated that this Bitcoin bank may operate with services entirely denominated in BTC.
While the El Salvador establishment date has not yet been finalized, this is the first time a dedicated Bitcoin financial institution has been officially announced.
El Salvador government agency 'Bitcoin Office' made a statement on its official X account, saying, “A Bitcoin bank will soon emerge in the country of Bitcoin.”
“In El Salvador, Bitcoin is operating as an unstoppable directional flow. Stores of value worth $400 trillion globally are slowly being incorporated into Bitcoin, and the current central banking system will become ineffective,” said Max Keiser, Chief Bitcoin Advisor to the President of El Salvador.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.
OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.
New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More
