El Salvador targets $9 billion in transfers, but chooses stablecoins
El Salvador is turning to stablecoins for remittances, further separating everyday payments from the country's pioneering Bitcoin experiment. Sivar, a new national community and payments app developed by Modveon, will use Coinbase infrastructure to settle transfers in stablecoins on Base, according to a Sept. 29 announcement. Users in the US can fund transfers with debit […] The post El Salvador targets $9 billion in transfers, but chooses stablecoins appeared first on CryptoSlate.
Key Takeaways
- El Salvador is turning to stablecoins for remittances, further separating everyday payments from the country's pioneering Bitcoin experiment.
- Sivar, a new national community and payments app developed by Modveon, will use Coinbase infrastructure to settle transfers in stablecoins on Base, according to a Sept.
- Users in the US can fund transfers with debit […] The post El Salvador targets $9 billion in transfers, but chooses stablecoins appeared first on CryptoSlate.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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