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Category Archives: Finance

Use of bitcoin for payments is decreasing, according to Bitpay

Use of bitcoin for payments is decreasing, according to Bitpay

The use of bitcoin as a digital currency for payments has dropped significantly, according to figures stemming from Bitpay, a leading cryptocurrency payment processor. While most purchases were made with bitcoin in 2020, that dominance has waned, making room for other tokens and coins such

Bet on Bitcoin has already generated a loss of $12 million for El Salvador

Bet on Bitcoin has already generated a loss of $12 million for El Salvador

The bet made on bitcoin (BTC) by Nayib Bukele, president of El Salvador, is costing the country dearly, according to calculations made by Bloomberg. Based on Bukele’s frequent announcements on Twitter about acquiring bitcoin alone, the Salvadoran president bought 1,391 BTC. These acquisitions, according to