RSK-Integrated Kripton Market Brings Bitcoin To Over 700 Commercial Outlets Across El Salvador

The project makes inroads in El Salvador, a country recently embracing Bitcoin as legal tender.

Rootstock (RSK) is a smart contract platform secured by Bitcoin’s hash power through merge-mining. The project makes inroads in El Salvador, a country recently embracing Bitcoin as legal tender. Over 700 commercial outlets will use Kripton Market, built on RSK technology, to sell products and services priced in BTC.

Making Bitcoin legal tender is a pretty important deal for El Salvador. Doing so introduces new opportunities for service providers leveraging Bitcoin’s network to make a meaningful impact. One such solution is Kripton Market, a decentralized marketplace built on the Rootstock platform. Through this online marketplace, anyone can offer products and services to Bitcoin users across the country of El Salvador. 

To date, 150 stores have enrolled to experiment with the Kripton Market and, through the agreement with Procom and Innovacion y Desarrollo which will be incorporating Kripton Market to their software update, another 564 stores will be added. Moreover, every supporter will bring more utility to Bitcoin in El Salvador, whether it is through sending payments, paying for goods and services, QR code payments, and door-to-door shipments. 

Sponsored

All of the participating businesses in the Kripton Market have many associates, creating a trickle-down effect for Kripton Market. Besides the 700 stores reached directly and through Procom and Innovacion y Desarrollo, Kripton has made a preliminary agreement with 29 cooperatives, among them Acomi, Comedica, Acofinges, and Bancovi that have a network of over 509,000 associates to evaluate the platform confirming a massive market to tap into. Moreover, one can find the participating stores in San Salvador, La Union, Cabañas, San Miguel, Ahuachapan, Juayua, La Libertad, Morazan, and San Vicente.

This campaign also focuses on educating the merchants and the general public of El Salvador. Solutions built on RSK provide a convenient and accessible gateway to making the most of this new form of money in the country. 

Sponsored

The following RSK-based solutions will all participate in the El Salvador campaign:

  • Money On Chain: a financial protocol enabling stablecoins backed by BTC to be used in daily operations. 
  • Beexo, a non-custodial wallet that lets users send and receive money, is compatible with credit card purchases.
  • Non-custodial wallet Defiant: focuses on decentralized stablecoins compatible with Bitcoin, RSK, and Ethereum, providing trading functionality through geolocation. 
  • Tropykus Finance: decentralized finance solution connecting the Bitcoin community with citizens in emerging economies to provide better access to financial products and services. Additionally, it offers access to loans at lower rates.

With the help of these partners, the team will organize various meetups and training courses throughout El Salvador. Education on Bitcoin and how RSK makes everything more accessible will create the foundation for broader cryptocurrency usage. 

This article contains a press release from an external source. The opinions and information presented may differ from those of DailyCoin. Readers are encouraged to independently verify the details and consult with experts before acting on any information provided. Please note that our Terms and Conditions, Privacy Policy, and Risk Warning have been recently updated.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Press Release

Read the most recent crypto press releases on DailyCoin to know all the latest project news from fintech and blockchain businesses. Disclaimer: This article is a press release and was not written by DailyCoin. We always aim to have the highest editorial and fact-checking standards, so if you encounter any content related issues, please contact us at pr@dailycoin.com.