Explainer: El Salvador’s bitcoin push: What does it mean for cryptocurrency?

Bitcoin was designed as a currency, yet many investors see it as an asset more akin to gold than a replacement for dollars, euros or yen. Bitcoin – like many other cryptocurrencies – has limited supply designed to mitigate inflationary effects. Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia […]

Analysis: Remittance firms slow to add bitcoin, despite El Salvador move

An early mover among remittance firms, MoneyGram International said last month it will allow customers to buy and sell bitcoin for cash at 12,000 U.S. Bitcoin’s potential for anonymous transactions has long worried regulators, who fear it can facilitate money laundering and terrorism financing. Reuters, the news and media division of Thomson Reuters, is the […]