RSK-Integrated Kripton Market Brings Bitcoin To Over 700 Commercial Outlets Across El Salvador By DailyCoin
Rootstock (RSK) is a smart contract platform secured by Bitcoin’s hash power through merge-mining. El Salvador is the latest country to adopt Bitcoin as legal currency. Kripton Market will be used by over 700 outlets to offer products and services in BTC. It is based on RSK technology.
El Salvador is making Bitcoin legal currency is an important step. Doing so introduces new opportunities for service providers leveraging Bitcoin’s network to make a meaningful impact. Kripton Market, an online marketplace that uses the Rootstock platform as its foundation, is one such example. This online marketplace allows anyone to offer services and products to Bitcoin users throughout El Salvador.
150 retail stores have enrolled in the Kripton market to test it. Procom, Innovacion y Desarrollo and Innovacion y Desarrollo are now incorporating Kripton to their software updates. This will allow for the addition of 564 additional stores. Every supporter of Bitcoin will add more value to El Salvador. This includes sending money, purchasing goods and services via QR codes, as well as door-to-door shipping.
Kripton Market’s participating businesses have many associates which results in a trickle-down effect. Kripton Market has reached 700 retail outlets directly or through Innovacion y Desarrollo. Kripton also made a preliminary deal with 29 cooperatives including Acofinges and Bancovi. They have a network that includes over 509,000 associates who will evaluate the platform. This confirms the enormous market. Moreover, one can find the participating stores in San Salvador, La Union, Cabañas, San Miguel, Ahuachapan, Juayua, La Libertad, Morazan, and San Vicente.
The campaign also targets the education of merchants as well as the public in El Salvador. RSK solutions offer a simple and easy way to make the best of the new money system in El Salvador.
These RSK-based solutions are all eligible to participate in El Salvador’s campaign
- The Money on ChainThe financial protocol that allows the use of stablecoins and backed with BTC in everyday operations.
- BeexoA non-custodial wallet, which allows users to send and receive money and is compatible with credit cards.
- The non-custodial wallet is not for custodial useThe project focuses on decentralized stablecoins, compatible with Bitcoin and RSK.
- Tropykus FinanceThe decentralized financial solution that links the Bitcoin community and citizens of emerging economies, allowing for better access to financial products. It also offers loans with lower interest rates.
These partners will help organize meetups as well as training courses in El Salvador. The foundation will be laid for wider cryptocurrency use by providing education on Bitcoin and RSK.
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