After negotiations that lasted almost eight months, the alliance between El Salvador and the Bank of the Future investment platform was finally signed for the development of investments in Bitcoin, as well as various plans to boost the country’s economy through blockchain technology.

Nayib Bukele, president of the Central American country, met with the CEO of Bank for the Future, Simon Dixon, to sign an alliance that includes “financing companies that are experiencing financial problems through Bitcoin, the main and most capitalized cryptocurrency in the market”.

Both Dixon and Bukele are enthusiastic about cryptocurrency adoption. In the opinion of the CEO of the platform, Bitcoin “can contribute to its plans to grow the banking sector related to crypto assets, to offer different services and financial products based on this and other cryptocurrencies to its customers and users.”

On the other hand, Dixon has stressed that once Bank of the Future is officially installed in El Salvador, they could create new jobs, through hiring processes related to offers of innovative services in cryptocurrencies to the population, entrepreneurs and companies.

How To Transform El Salvador With #Bitcoin – President Bukele Meets Simon Dixon https://t.co/YG1uPK2i8T via @YouTube interview by @BTC_Archive

— Simon Dixon (Beware Impersonators) (@SimonDixonTwitt) August 23, 2022

M.Pino

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Source: bit2me

La entrada El Salvador and Bank of the Future sign Bitcoin investment alliance apareció primero en Bitfinance.

The Bank to the Future of the United States is carrying out a process to establish itself in El Salvador, and provide financial services linked to cryptocurrencies.

This was stated by the Salvadoran ambassador to the US, Milena Mayorga, who explained that the institution is waiting to obtain the necessary permits and licenses to operate.

“The company has a presence in other places, but they are interested in operating in El Salvador because of the stability that the country provides,” Mayorga assured.

At the beginning of the year, the CEO of Bank to the Future, Simón Dixon, was visiting the Central American country along with other investors, in order to evaluate the market and its possibilities.

After this visit, he and Max Keiser indicated that there is the possibility of creating a kind of “Wall Street” in El Salvador, with behavior similar to that of New York.

It is expected that this bank will start with a capital of approximately 6,000 million dollars in Bitcoin.

K. Tovar

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Source: Cointelegraph

La entrada Bank to the Future will arrive in El Salvador apareció primero en Bitfinance.