OTCbid - El Salvador seeing influx of Bitcoiners and Bitcoins, but some predict disaster

" British podcaster Peter McCormack has declared that El Salvador’s adoption of Bitcoin is the “real deal” after meeting with President Nayib Bukele in the presidential palace.

McCormack tweeted that he discussed Bitcoin, volcano mining “and the opportunity for the people of this great country” during his meeting with the head of state.

McCormack was able to buy a coffee in El Salvador using Bitcoin transmitted over the Lightning Network, a scaling solution for BTC.

“The lighting network is fast, cheap and works,” the “What Bitcoin Did” podcaster tweeeted.

Salaries paid in Bitcoin?

El Salvador is also considering whether salaries should be paid in Bitcoin, the country’s ministry of labor, Rolando Castro, told a local radio station.

Castro said he’s discussed it with officials from the ministry of finance and the ministry of economy. " - Read Full Article

Source: Stockhead


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

- OTCbid

-7% Gross, -4% Net, B2B, Ledger2Ledger, MT103/72 or 202, HSBC

Buyer Mandates Only -

NEW: 1000-200K BTC @ -7% gross, -4% net, B2B, Ledger2Ledger, MT103/72 or 202, HSBC - Look For Buyer

(Seller : PS JR-Tele)

Post: 18.6.21


  • A seller is selling 1000-200K BTC @ -7%gross, -4% net

  • Buyer = 4%

  • Buyerside = 1.5% (open)

  • Sellerside = 1.5% (closed)

  • First tranche = 1000 BTC



  • ​Buyer to provide KYC and CIS.

  • ​Seller mandate sends the SPA draft to the buyer. Buyer agrees or amends the contract till both parties confirm the final SPA terms and conditions

  • SPA will include the NCNDA and IMFPA

  • Buyerside and Sellerside must have their own paymasters on each side

  • Broker commissions will be paid in BTC

  • Buyer and seller sign the agreed SPA contract

  • Agreement executed by both Parties (Buyer & Seller). Additionally Buyer files Escrow Agreement with the Designated Escrow Attorney.

  • Within 24-48 hours parties begin the Bitcoin Purchase and Sale transaction

  • Buyer and Seller will agree in Advance to the specified Tranche Schedule.

  • The first acceptable tranche must be minimum of 1,000 BTC

  • Buyer initiates Ledger-to-Ledger via HSBC, whereby Buyer will instruct his bank to send funds for first tranche plus 7% via LEDGER TO LEDGER to HSBC Escrow Account.

  • Buyer provides a copy of LEDGER TO LEDGER TRANSFER with Wallet Address to be credited by Seller. On Receipt of confirmation of funds transfer by Escrow Attorney, the Seller will send the BTC for first tranche to the buyer. Gross Discount will be sent to a separate BTC wallet Designated by Buyer.

  • Seller will provide confirmation that Bitcoin has been credited to the specified Wallet Address provided by Buyer.

  • Immediately following the confirmed Bitcoin Transfer (6 confirmations), the transaction shall be deemed settled, and disbursement of commissions and fees can begin.

  • After ALL, (BUYER/SELLER/MANDATES AND INTERMEDIARIES) Parties confirm their Payment, the next agreed to Tranche can begin.


Interested parties should contact :



  • DM Raymond Chai (on Linkedin)

  • Telegram @OTCbiddotcom

  • Telegram: +1 (786) 632 8577



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