Viewsroom: Bitcoin, El Salvador and Roger Federer 9 Sep 2021 As the Central American country adopts the cryptocurrency as a coin of the realm, Richard Beales and Gina Chon discuss the merits of stablecoins and the scramble by regulators to catch up with the market. Karen Kwok takes a slice at Roger Federer-backed running shoe outfit On.
El Salvador takes a risky punt on crypto 7 Sep 2021 Bitcoin is now an official currency in the Central American republic, alongside the U.S. dollar. There are potential benefits for a country that is so dependent on remittances from abroad, but President Nayib Bukele’s pioneering move has way too many downsides.
Review: The callous roots of caffeine capitalism 3 Jul 2020 “Coffeeland” recounts Englishman James Hill’s rise from travelling salesman to king of El Salvador’s coffee industry. Though his farms brought wealth to some, they made the country less equal and heavily reliant on one resource. Many African nations face a similar dilemma today.