Industry NFT OpenBiSea integrates the Chainlink value stream.

[Bank of America: El Salvador Bitcoin Strategy's Potential Gains Unsatisfactory] According to information from August 2, foreign media reported that Bank of America is a major financial institution in the United States in terms of total assets . The bank believes El Salvador can benefit greatly from its Bitcoin strategy. In a statement, the bank's financial analyst said El Salvador's decision to recognize Bitcoin as fiat could facilitate currency trading, promote financial digitization, give consumers more choice and open up to more. American companies and digital miners. The report notes that remittances make up 24% of El Salvador's gross domestic product (GDP), but a significant portion is used to pay for trade and the use of Bitcoin for transactions. reduce transaction costs. The bank believes that Bitcoin can be used as an intermediary for cross-border currency exchanges, allowing senders to exchange US currencies for bitcoin and then home borrowers to exchange them for US dollars. (Technical web)