The post El Salvador to Launch World’s First Bitcoin Bank appeared first on Coinpedia Fintech News

El Salvador has announced plans to introduce the world’s first Bitcoin banks, aiming to integrate Bitcoin more deeply into its financial system. The initiative builds on President Nayib Bukele’s pro-Bitcoin strategy, seeking to offer banking services fully denominated in Bitcoin. These Bitcoin banks could enhance financial inclusion in a country with many unbanked citizens by providing deposits, loans, and investment options in BTC. Although details and regulations are still pending, this move marks a major step in El Salvador’s ongoing Bitcoin adoption journey and global innovation aspirations.

The post El Salvador to Launch World’s First Bitcoin Bank appeared first on Coinpedia Fintech News

El Salvador has announced plans to introduce the world’s first Bitcoin banks, aiming to integrate Bitcoin more deeply into its financial system. The initiative builds on President Nayib Bukele’s pro-Bitcoin strategy, seeking to offer banking services fully denominated in Bitcoin. These Bitcoin banks could enhance financial inclusion in a country with many unbanked citizens by providing deposits, loans, and investment options in BTC. Although details and regulations are still pending, this move marks a major step in El Salvador’s ongoing Bitcoin adoption journey and global innovation aspirations.