LAGOS DECEMBER 7TH (NEWSRANGERS)-The young men from Guinea had decided it was time to leave their impoverished homeland in West Africa. But instead of seeking a new life in Europe, where so many African migrants have settled, they set out for what has become a far safer bet of late: the United States. “Getting into…
LAGOS SEPTEMBER 7TH (NEWSRANGERS)-El Salvador on Tuesday became the first country to adopt bitcoin as legal tender, although it suffered teething problems when the government had to unplug a digital wallet to cope with demand. President Nayib Bukele, who pushed for adoption of the cryptocurrency, says it will help Salvadorans save $400 million https://www.reuters.com/world/americas/migrant-families-wary-el-salvador-becomes-first-adopt-bitcoin-2021-09-06 a…
LAGOS JUNE 11TH (NEWSRANGERS)-A spokesman for the IMF on Thursday warned of the risks of using bitcoin for day-to-day transactions after El Salvador, which is in negotiations for additional funds from the crisis lender, approved the cryptocurrency’s use. An IMF team is scheduled to meet with El Salvador’s President Nayib Bukele later Thursday as the…
LAGOS JUNE 9TH (NEWSRANGERS)-El Salvador’s President Nayib Bukele has made good on his promise to adopt Bitcoin as legal tender. Officials in the Central American country’s congress voted to accept the cryptocurrency by a majority of 62 out of 84 votes, reports CNBC. In a worldwide first, El Salvador will accept Bitcoin as legal tender…