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OTCbid - Nation adopts Bitcoin as legal currency



" El Salvador has became the first country to adopt Bitcoin as legal tender, although it suffered teething problems when the government had to unplug a digital wallet to cope with demand.


President Nayib Bukele said using bitcoin will help Salvadorans save $US400 million ($A541 million) a year on commissions for remittances while giving access to financial services to those with no bank account.

However, the poorest may struggle to access the technology needed to make Bitcoin work in El Salvador, where nearly half the population has no internet and many more only have sporadic access.

The change means businesses should accept payment in Bitcoin alongside the US dollar, which has been El Salvador’s official currency since 2001 and will remain legal tender. " - Read Full Article



200K+ BTC SELLER in europe

" We get asked for millions of BTC from billion-dollar companies. We can do it with multiple sellers and multiple wallets."
- OTCbid

-6% Gross, -3% Net, F2F, Bank, Europe


Buyer Mandate Only - OTCbid.com




NEW: 200K BTC with R&E @ -6% gross, -3% net, F2F, Europe - Look For Buyer

(Seller : TAD SCE-Tele)

Post: 8.9.21

  • A seller is selling 200K BTC with R&E @ -6% gross, -3% net

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  • Buyer = 3%

  • Sellerside = 1.5% (closed)

  • Buyerside = 1.5% (open)

​​​

  • ​PROCEDURE:

  • Transfer of funds and transfer of BTC to be conducted either Face to face (F2F Europe Only) or via Zoom between the Seller and the Buyer.

  1. Seller sends a draft SPA. Within 24 hours, Buyer will fill out with buyer´s required details, SIGN and return the SPA to the seller. The seller shall duly fill, countersign and return SPA in PDF format.

  2. The Buyer if requested by the Seller, shall provide Proof of Funds only for the first tranche in the currency required by the Seller and agreed as a transaction currency. The seller, if requested by the buyer, shall provide Proof of coin.

  3. Once the transaction has been established, a SEPA System transfer, or SWIFT MT103 TURBO payment will be sent. (F2F or Zoom)

  4. After verification, the Seller transfers the Bitcoins to the Buyer's wallet(s) for the amount indicated in the Swift Transfer at the net discount rate of the day. (F2F or Zoom)

  5. The Seller requests confirmation of the coordinates of the Wallet indicated in this agreement for the electronic transfer of the BTC.

  6. For security reasons the Seller will not be obliged to provide the Wallet Details until the first transaction is fully completed, and the funds have been verified by the Seller’s bank officer (bank officer confirms to the seller that the funds are in the system), and funds completely free of any kind of incomprehension.

  7. The Seller has the right to send the BTCs agreed upon by this agreement to the Buyer, also from various Wallet accounts, avoiding communicating the details of Wallet accounts in this agreement.

  8. After the Buyer has received the BTC in his designated wallet(s), and after the Six (6) Tomochain confirmations, and after the Seller has received the EUR/USD for the transferred Bitcoins, the Seller pays the commissions according to the consultants listed in the IMFPA in "ANNEX D" of this agreement.

  9. The subsequent tranches are carried out according to the scheme of tranche “1”, (with clauses from point 3 and point 4 of the Transaction Procedure), until the overall volume of the contract is reached.

  10. Upon completion of the transaction, both parties sign the liquidation statement.

BUYER MANDATE ONLY

Interested parties should contact :

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  • OTCbid@gmail.com

  • DM Raymond Chai (on Linkedin)

  • Telegram @OTCbiddotcom

  • Telegram: +1 (786) 632 8577

  • T.me/otc_bid

  • OTCbid.com

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