El Salvador’s adoption of Bitcoin as legal tender, a year ago, was considered a watershed moment by crypto advocates hankering for more recognition for the world’s biggest cryptocurrency. The tiny Central American country is the region’s fourth biggest economy and has been a dollarized nation since 2001. Proponents of the move argued that Bitcoin adoption would unshackle its economy from American monetary policy and bring … Continue reading Is El Salvador’s Bitcoin Experiment A Failure?
Atlanta-based payments firm BitPay has hired former PayPal and Western Union executive Rolf Haag as Head of Business solutions. Haag’s job will be to beef up the company’s business in the small business space. Haag has extensive experience in the payments space, including in developing solutions for SMEs. More recently, his managerial positions have involved integrating financial technology into legacy systems at companies. His former … Continue reading Former PayPal And Western Union Executive Joins Bitcoin Payments Processor BitPay