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  • Qadir AK
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    Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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El Salvador to Launch World’s First Bitcoin Bank

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 Bukeleโ€™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 Salvadorโ€™s ongoing Bitcoin adoption journey and global innovation aspirations.

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