Fold has announced the opening of its new office in El Salvador, which will serve as its base for operations in Latin America.
The move comes as part of Fold’s ongoing commitment to making bitcoin as easy and accessible as possible for everyone around the world.
“We’re thrilled to be establishing an office and local team in El Salvador,” said Will Reeves, CEO of Fold. “As a country that has embraced bitcoin and has been a pioneer in adopting new monetary technology, we believe that El Salvador is the perfect place for Fold to expand its presence in Latin America.”
Fold has big plans for El Salvador and will soon announce partnerships with major players in the region. The company’s innovative rewards program and embedded bitcoin infrastructure will enable it to provide valuable solutions to consumers and businesses alike. To date Fold’s bitcoin rewards infrastructure has processed over US$1 billion in volume.
“President Bukele wants the best and the brightest to move to El Salvador to come build new capital markets and the future of finance. Fold certainly fits that description and we are excited to welcome them to Bitcoin Country,” said Stacy Herbert, National Bitcoin Office of El Salvador.
Fold’s expansion to El Salvador is a significant milestone for the company as it continues to build a global bitcoin community. The new office and local team will enable Fold to provide personalized support to its Latin American users and partners.
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