It is estimated that more than 700 stores will use the RSK integrated Kripton Market in El Salvador

Roostock (RSK) is a smart contracts platform that is protected by the hash power of Bitcoin through combined mining. The project is advancing into El Salvador, a country that recently introduced Bitcoin as legal tender. More than 700 traders will use Kripton Market, which is integrated with RSK technology, to sell products and services in Bitcoin. This was reported to Cointelegraph in Spanish through a statement.

– Making bitcoin legal tender is quite an important business for El Salvador. This opens up new opportunities for service providers using the Bitcoin network and having a significant impact, ??? they noted in the statement.

One of these solutions is Kripton Market, an e-commerce platform integrated into Rootstock (RSK). This online marketplace can be used to offer Bitcoin users in El Salvador products and services.

It is estimated that more than 700 stores will use the RSK integrated Kripton Market in El Salvador
It is estimated that more than 700 stores will use the RSK integrated Kripton Market in El Salvador

Around 150 stores have already signed up to experiment with Kripton Market and an additional 564 stores will be added to the network through the agreement with Procom and Innovación y Desarrollo to include Kripton Market in their software updates. “Also, any trade in Bitcoin in El Salvador will be more beneficial, either by sending payments, paying for goods and services, paying with QR codes, and door-to-door mailing,” they noted.

All participating companies have many partners, which creates a trickle-down effect for Kripton Market. In addition to the 700 stores reached directly and through Procom and Innovación y Desarrollo, Kripton has signed a preliminary agreement with 27 cooperatives including Acomi, Comedica, Acofinges and Bancovi, which have a network of more than 509,000 affiliates to the platform that affirms a massive market to tap into. There are also participating stores in San Salvador, La Unión, Cabañas, San Miguel, Ahuachapan, Juayua, La Libertad, Morazè and San Vicente.

Different solutions

The following RSK-based solutions will participate in the El Salvador campaign:

  • Money on chain: a financial protocol that enables the use of BTC-backed stablecoins in day-to-day business.

  • Beexo, an unguarded wallet that allows users to send and receive money is compatible with credit card purchases.

  • Defiant wallet without custody: focuses on decentralized stablecoins compatible with Bitcoin, RSK and Ethereum and providing trading functions through geolocation.

  • Tropykus Finances: decentralized financial solution that connects the bitcoin community with emerging market citizens for better access to financial products and services. In addition, it provides access to credit.

With the help of these partners, the team will organize several meetings and trainings in El Salvador.

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