El Salvador's U.S. Bitcoin Partner Lacks Key Licenses

[Markuri33]

Strike is only licensed in one state despite being active across the United States and El Salvador. The President of El Salvador, Nayib Bukele, caused a stir this month when he declared his country would become the first in the world to accept Bitcoin as legal tender. To carry out this plan, the country will rely on partners like Chicago-based Zap Solutions Inc., whose digital wallet Strike is already being used by Salvadorans in a coastal town the crypto community has dubbed Bitcoin Beach.Strike has the technology to help El Salvador embrace Bitcoin, but one thing it appears not to have are certain licenses to operate as a money transmitter.source