El Salvador launches app for digital dollars via Coinbase’s Base network
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.6 Articles
6 Articles
The Nayib Bukele administration is developing together with Modveon an application supported by the government that will allow Salvadorans to send and maintain digital dollars, even for remittances, through the base network of Coinbase.
Coinbase powers El Salvador remittance app as the country leans into stablecoins
The new remittance and identity app, Sivar, built by Modveon for El Salvador, runs on Coinbase’s payments infrastructure, according to a Tuesday announcement by the US-based exchange. The app built by the firm based in Palo Alto will allow eligible senders to transfer funds from the U.S. to verified recipients in El Salvador for a...
According to ChainCatcher, the Salvadoran government is collaborating with Modveon to develop a government-backed app called Sivar, which will allow citizens to send, receive, and hold USD-pegged stablecoins via Coinbase's Base network, and support remittances. The app will verify user identity using government credentials.
El Salvador launches app for digital dollars via Coinbase’s Base network
El Salvador's app launch may boost digital currency infrastructure, potentially enhancing Bitcoin adoption and influencing crypto market dynamics. The post El Salvador launches app for digital dollars via Coinbase’s Base network appeared first on Crypto Briefing .
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
