A Game-Changer for Financial Inclusion in El Salvador

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  • Опубліковано 24 сер 2024
  • DitoBanx, an innovative Salvadoran startup, has just released a Bitcoin MasterCard that will enable the unbanked people in El Salvador to enter the digital economy quickly and easily. The card is linked to a DitoBanx wallet, which can be used to store, send, and receive Bitcoin. The card can also be used to make purchases at any merchant that accepts MasterCard, and online.
    The release of the DitoBanx Bitcoin Mastercard is a significant step forward for financial inclusion and Bitcoin adoption in El Salvador. Today, Salvadorans have a safe and convenient way to access the global economy while bypassing predatory lenders and traditional banking institutions.
    🌟 Learn more about DitoBanx! ditobanx.com/ 🌟
    ✈️ MOVE to El Salvador or START A BUSINESS here! ✈️
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    To help us support education in and other initiatives in the country:
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    #elsalvador #bitcoin #mastercard #finance #innovation #travel #expat #freedom

КОМЕНТАРІ • 79

  • @Rose-tr4kn
    @Rose-tr4kn 11 місяців тому +18

    It is so heartwarming to see the way El Salvador is evolving. It seems as if El Salvador is transforming into one of the most desirable places to be in the world and with Bitcoin gaining such a foothold, El Salvador will become less financially dependent on outside government influences. Looks like Ditobanx is going to play a major role in that. Thank you for sharing!

  • @user-ij7vw1tk1r
    @user-ij7vw1tk1r 11 місяців тому +9

    I think it's a good idea. I need to have one of those cards one day

  • @ronnyavendano
    @ronnyavendano 11 місяців тому +6

    This is my favourite bitcoin product ever. And so proud that its salvadoran and guillermo a real friend

  • @Daddy9bot
    @Daddy9bot 11 місяців тому +11

    Love his level of understanding the problem and has a clear solution... thank u for this interview

  • @carlosalfaro2569
    @carlosalfaro2569 11 місяців тому +7

    What a great idea you guys are the first to bring it up for people to see it . I didn’t know about it but now I do . Thank you both and
    (Dios unión y libertad)
    (God union & liberty )

  • @franciscosandoval125
    @franciscosandoval125 11 місяців тому +5

    It is announced that within the next few years there will be a huge rise in bitcoin, all those who make fun of it will regret it.

  • @adrianumana8595
    @adrianumana8595 11 місяців тому +4

    Great information, thanks for sharing, Bitcoin will prevail and will only get better.

  • @JohnTitor00
    @JohnTitor00 11 місяців тому +5

    I think it's a great progress, but there already international providers out there where you don't need to exchange BTC for USD. The card automatically charges your BTC on the current price.

  • @Martin-gg1up
    @Martin-gg1up 4 місяці тому

    Good news for the El Salvador people!

  • @sudilos1172
    @sudilos1172 11 місяців тому +2

    Yes, it is usually not smart to admit that a population is unknowing to a subject. Because bad people view that as vulnerable.
    However I’d like to see the bad guys who try bank scamming to get locked up that will be AWESOME! Finally! I am seriously considering moving here for Safety!

  • @chelita2047
    @chelita2047 11 місяців тому +4

    Waoooo excelente calidad 💯💪👏🏆🥇👍 de entrevista ya me quedo claro muchas gracias por el vídeo además de educar a toda la población también ban tener que poner de esas oficinas en todos los departamentos de el país y SERCA de cada pueblo o cantón y máquinas para ASER las transacciones

    • @josesgarcia5642
      @josesgarcia5642 11 місяців тому

      Y también los jóvenes ahora los están educando Esa es la nueva generación que van a saber todo electrónico yo por mi parte El Chivo vale lo uso mucho y no pagó comisión

  • @FranciscoLopez-zu7vq
    @FranciscoLopez-zu7vq 11 місяців тому +1

    Good to see my boy Guillermo I worked for him long time ago in Ubica, regards from Costa Rica

  • @gregero
    @gregero 11 місяців тому +5

    Thanks for video.
    Good to get the perspective from Canadians living there.

  • @rag98709
    @rag98709 11 місяців тому +2

    Love this! And it's Salvadoran!!

  • @alvarojoseortiz
    @alvarojoseortiz 11 місяців тому +2

    Very useful information! Thank you... BTW... How Jessica's finger doing?

  • @joshuaescalante1791
    @joshuaescalante1791 11 місяців тому +2

    It believe that it will be with the next generation of young adults that will give the desired results for a Bitcoin economy. So, let’s stay positive.

    • @josesgarcia5642
      @josesgarcia5642 11 місяців тому

      Eso se va a dar primero Dios porque ahora la educación es primero hoy los jóvenes van a hacer otro vamos a ver toda la gente de logía

  • @RickFidelisReed
    @RickFidelisReed 11 місяців тому +3

    Awesome Informative video. 👍🏻

  • @bitcoinpoemspro1406
    @bitcoinpoemspro1406 6 місяців тому

    Thx

  • @BitcoinBitz
    @BitcoinBitz 11 місяців тому +2

    Good one 👍

  • @edgardoorantes2962
    @edgardoorantes2962 11 місяців тому +1

    Los Cripto inversionistas sabemos que podemos ganar dinero cuando el precio cae o sube, en unos meses se comienza el halving y muy probable Bitcoin suba a $ 100k o más.

  • @camilalele5320
    @camilalele5320 11 місяців тому +1

    Excellent

  • @User-uk2bf
    @User-uk2bf 10 місяців тому

    One of the benefits of living in el salvador is to learn to use make up to look more bonita since almost every woman in el salvador wear make up even street vemdors!! .....I have noticed that the two of you look more relaxed, less stressed and more happy!!

  • @estrellapaz5903
    @estrellapaz5903 11 місяців тому +1

    Awesome ❤😊

  • @rastamon5969
    @rastamon5969 2 місяці тому

    I am conflicted on this topic. Digital currency is easier controlled by governments and your spending is easily monitored and tracked. I don't fully agree with it

  • @joluestormaveric6974
    @joluestormaveric6974 11 місяців тому

    Roma was not built in one day. Our people will be able to learn how to use bitcoin.

  • @davidcardoza3412
    @davidcardoza3412 11 місяців тому

    Wao exellent. thanks you for the information guys

  • @coolhandluke4573
    @coolhandluke4573 11 місяців тому

    Awesome 👍

  • @lp2623
    @lp2623 11 місяців тому +2

    Wow

  • @thorazine0076
    @thorazine0076 4 місяці тому

    This is very interesting, I'm an ICP Maxi, they created ckBTC, I've been looking at Argentina & El Salvador, however I am considering running a node with ICP, I need a tier 3 data center, not sure if there's one in El Salvador, but there is some in Argentina. Also kWh is lower in these countries, if I want to mine some crypto. Any thoughts on this? I can gain residency in El Salvador in under 2 yrs, moving from U.S. parents from Mexican origins.

  • @nelsonwinter9444
    @nelsonwinter9444 11 місяців тому +2

    I have two questions. One. How long did it take for you to receive the card? Two. Since the mail system is not that great in El Salvador where did you have the card shipped to?

    • @rag98709
      @rag98709 11 місяців тому +3

      2 days. By courier - in San Salvador

    • @twopeopleinparadise
      @twopeopleinparadise  11 місяців тому +3

      We had ours within 2 days; we live on the beach. They use a courier company; everyone we know who has the card received it within 2 days or less.

    • @byronm82
      @byronm82 11 місяців тому

      Agree about 2 days or less. I saw this video on Sunday afternoon. Setup the app on Monday, requested physical card on tuesday afternoon and got it on thursday morning. I live in Santa Tecla.

  • @user-bv8xo5sc5c
    @user-bv8xo5sc5c 11 місяців тому

    Hola amigos soy de san miguel
    Quiero clases de bitcoin como hago tengo chivo wallet

    • @twopeopleinparadise
      @twopeopleinparadise  11 місяців тому +1

      Puedes encontrar clases de Bitcoin a través de Mi Primer Bitcoin. Vea también Bitcoin University en UA-cam!

  • @sergiosergio12345678
    @sergiosergio12345678 11 місяців тому

    Bitcoin adoption will grow exponentially around 2025 since the halving is in 2024 therefore huge price growth by 2025 therefore more adoption. We need to educate people that Bitcoin unlike fiat helps the econony to grow and grants people financial freedom.

    • @twopeopleinparadise
      @twopeopleinparadise  11 місяців тому

      You're right. Unfortunately, most people still perceive the value of Bitcoin in dollar terms. It is this way because most people still see dollars as real money and Bitcoin as some kind of tech stock.
      The challenge is in breaking that spell. We all grew up with fiat monopoly money as "real money", and so it's a difficult misperception to overcome. But, the truth is the truth, and the truth always wins out in the end.

  • @AndrejCibik
    @AndrejCibik 11 місяців тому

    Can this card send sats? No.
    So much innovation, very Bitcoin, much freedom

    • @twopeopleinparadise
      @twopeopleinparadise  11 місяців тому

      Funds are interchangeable between the card, stablecoins, and sats. In the wallet application, which is NFC-enabled, you can choose to pay with Bitcoin, a stablecoin, or with the card.
      Merchant cooperation is no longer required for Salvadoran citizens and residents to manage their financial life independent of banks and their fiat system.

  • @JackiePrudie-mu9xg
    @JackiePrudie-mu9xg 11 місяців тому +2

    ❤❤❤🎉

  • @byronm82
    @byronm82 11 місяців тому

    Great video, i got my card earlier today! Just as suggestion, i would prefer synthetic usd instead of usdc. Hope in the future it can work that way. If you can provide that feedback it can help. As i already did with whatsapp support

  • @glendamaldonado4608
    @glendamaldonado4608 11 місяців тому +2

    Wow great information!!! Very interesting

  • @sergiosergio12345678
    @sergiosergio12345678 11 місяців тому

    Can the ditto card be filled with Bitcoin lightning, or only Bitcoin?. With Bitcoin Lightning there is the advantage of speed.

    • @ronnyavendano
      @ronnyavendano 11 місяців тому

      Yes, lightning works on ditobanx

    • @twopeopleinparadise
      @twopeopleinparadise  11 місяців тому

      The DitoWallet application can send and receive Bitcoin on chain or over Lightning. Once the Bitcoin is in the wallet, it can be quickly loaded onto the card. You can also run this operation in reverse by pulling the funds off the card and back into Bitcoin, which you can then send to a self-custodial wallet.
      While other countries are closing off the ramps to and from Bitcoin, DitoBanx is building new and better ones in El Salvador.
      Edit: just today, a new feature was added. You can now also pay your phone bill, power bill, water bill, book a hotel, rent a car, order a pizza, etc., all with Bitcoin and all inside the app thanks to Bitrefill integration.

  • @user-ij7vw1tk1r
    @user-ij7vw1tk1r 11 місяців тому +1

    👍👍

  • @dunkan42
    @dunkan42 11 місяців тому

    Is that a debit card, rechargeable card or like a saving bitcoin card too? And if you live in another country but I am not a Salvadoran citizen, can you apply for one too?

    • @twopeopleinparadise
      @twopeopleinparadise  11 місяців тому +1

      It's a pre-paid Mastercard powered by Bitcoin/stablecoins. As it is custodial (DitoBanx holds your funds), it's for spending and not for saving. For saving, a self-custodial solution is the way to go.
      For the time being, it is only available to Salvadoran citizens and residents. DitoBanx has plans to expand its offering further into Latin America.

    • @dunkan42
      @dunkan42 11 місяців тому +1

      @@twopeopleinparadise thanks for the info ✌️

  • @jerryarcher9489
    @jerryarcher9489 11 місяців тому +1

    Good video guys, very informative!!!
    I'm gonna be visiting El Salvador in February 2024. How can I get in touch with you guys?

    • @twopeopleinparadise
      @twopeopleinparadise  11 місяців тому

      Best and easiest way is to approach us at a Bitcoin Beach meetup in El Zonte!

    • @jerryarcher9489
      @jerryarcher9489 11 місяців тому

      ​@@twopeopleinparadisewas it you trying to talk me into this crypto project you got going or was it someone else?

    • @jerryarcher9489
      @jerryarcher9489 11 місяців тому

      @Twopeopleinparadise_ Sorry, I wasn't sure if that was you or someone else that was trying to gypp me. I tried calling you on the phone twice and you never answered the phone, so I thought you were trying to avoid me. Like I mentioned to you before I'm gonna be in Puerto de la Libertad feb1 till Feb 3, maybe we can meet up then. I've been following you guys ever since you moved to El Salvador. I enjoyed your videos and everything you are doing in the Bitcoin community.

    • @twopeopleinparadise
      @twopeopleinparadise  11 місяців тому

      No, that wasn't us. Two fake accounts were in here replying to you, trying to scam you. Both have been removed.
      If it's really us in the comments, our username will be highlighted.

    • @jerryarcher9489
      @jerryarcher9489 11 місяців тому

      @@twopeopleinparadise I kinda knew it wasn't you guys, because this person was giving me unsolicited information about this crypto project and I know you guys never mentioned anything like that in your videos.
      I've been following you guys ever since you moved to El Salvador and I like what you are doing in the Bitcoin community, so I would like to meet you guys in person.

  • @JkoronaVlogs
    @JkoronaVlogs 11 місяців тому

    Hi I need BTC information
    Thank you.

  • @sergiosergio12345678
    @sergiosergio12345678 11 місяців тому

    Wrong, Bitcoin makes sence everywhere. financial freedon is essential, and fiat on long term destroys all saving, in Canada for example the truckers protesting were boycotted financially and Bitcoin was there to rescue them, CBDC are comming and Bitcoin will be there to rescue the people, there is absolutetely no country where Bitcoin is not needed. Bitcoin is needed in all the world mostly for 2 reasons, to combat inflation and to escape financial represion.

  • @luissalvador712
    @luissalvador712 11 місяців тому

    How can I apply for ditocard if I live in Quebec Canada.I really want that card

    • @twopeopleinparadise
      @twopeopleinparadise  11 місяців тому +1

      Currently the card is only available to Salvadoran citizens and legal residents. Once you have the card, however, you can use it anywhere in the world that Mastercard is accepted, and online.

  • @shuff1111
    @shuff1111 11 місяців тому

    So, does that $10 of BTC deposited onto that card stay valued at $10, or does it go up as BTC goes up?

    • @twopeopleinparadise
      @twopeopleinparadise  11 місяців тому +2

      It is converted to a USD stablecoin (USDC and soon USDT) before being added to the card. Due to this, its value depreciates over time, in tandem with inflation. Good for day to day spenindg, bad for long term saving. For that, Bitcoin is used because Bitcoin doesn't have inflation and will thereby trend up in value over time.

    • @genarobonilla9036
      @genarobonilla9036 11 місяців тому +2

      Very good question, I wanted to ask the same

  • @AndrejCibik
    @AndrejCibik 11 місяців тому

    KYCd card isnt improving anything

    • @twopeopleinparadise
      @twopeopleinparadise  11 місяців тому

      KYC is required for this type of service to legally operate. This product is aimed at the 70% of the population who have never had a bank account and need a simple solution which enables them enter the broader economy.
      Ideally we would be rid of KYC altogether, but we don't all have the luxury of being non-KYC purists. If it's a choice between a KYC'd bridge into Bitcoin for 4 million financially excluded people, or no access or opportunity for those people at all, the former option is surely preferable.

    • @westpoint7942
      @westpoint7942 11 місяців тому

      exactly.

  • @Antonio-ms6yi
    @Antonio-ms6yi 11 місяців тому

    👍👍💯%🎦🎦☑☑

  • @tamijoiskewl
    @tamijoiskewl 11 місяців тому +2

    I do not trust digital anything.

  • @bitkong9445
    @bitkong9445 11 місяців тому +2

    nothing but smiles and laughter, thanks master card.. until you cancel us 😂 it’s completely besides the point spending BTC after converting to fiat

  • @CarlosClarivan
    @CarlosClarivan 11 місяців тому +1

    Bitcoin was not implemented to allow salvadorians buy groceries or a Beer. It was adopted to finance the country.

  • @marviniraheta6311
    @marviniraheta6311 11 місяців тому

    That’s very good, but here in Australia they control you life and your finance, I don’t TRUST anyone HERE!!!.. HOW CAN I DONE???..

    • @twopeopleinparadise
      @twopeopleinparadise  11 місяців тому

      There's quite a few Australians here. Probably the second largest expat community after the Canadians. If you're resourceful, and tenacious, you can start a new life here with very little.