The side chain of smart contracts on Bitcoin, RSK, together with Kripton Market, a marketplace and payment processor, reported that 150 merchants in El Salvador are already accepting bitcoin as a means of payment.
The expansion of this project expects to reach another 700 stores . Additionally, they established an agreement with 29 cooperatives that have a network of 509,000 associates, to carry out tests with both companies to evaluate the platform, confirming a massive market to access, as explained in a statement.
The commercial establishments that will participate in the tests are distributed between the capital San Salvador and the cities of La Unión , Cabañas, San Miguel, Ahuachapan, Juayua, La Libertad, Morazán and San Vicente.
This advance from RSK accompanied by Kripton Market, is the product of the «BitCentenario» campaign, recently announced and reported by CriptoNoticias.
Through BitCentenario they seek to create a service network for bitcoin users within El Salvador. That is, the idea is that people can carry out daily operations such as sending money, paying for public services or, even, to pay in shops using QR codes.
The initiative is made up of eight startups : RSK, Kripton Market, Money On Chain, Beexo, Defiant, Ascav, Procom and Tropykus.
Apart from El Salvador, Kripton Market operates in other countries in the region such as Argentina, Colombia, Uruguay, Costa Rica, Venezuela and Peru.
Forecast bitcoin momentum for 2022
What El Salvador has done is just the beginning that leads many other countries to dive into cryptocurrencies. This has been predicted by the CEO of the cryptocurrency exchange BitMEX, Alexander Höptner.
In an analysis reported by CriptoNoticias, Höptner expressed that developing countries encourage adoption of bitcoin in the world . In this sense, he considers that El Salvador is “leading the world in the adoption of cryptocurrencies and decentralized digital payments.”
In fact, Höptner dares to predict that by 2022, at least, five countries will have bitcoin as their legal tender. In this line of action, nations of the region such as Paraguay, Uruguay or Panama, advance legislation to give recognition to Bitcoin, although not as a national currency .
It should be noted that last September, the Central American country became the first in the world to make BTC official as legal tender, as reported by CriptoNoticias.