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OTCbid - El Salvador Wants to Attract Bitcoin Talent. Its Strategy Is Working



" El Salvador is becoming a proving ground for Bitcoin’s biggest ideas.

“I really see El Salvador as being the Switzerland of Latin America, if this experiment goes successfully,” Ray Youssef, CEO of peer-to-peer crypto exchange Paxful, said over Zoom.

On Sept. 7, El Salvador will become the first country in the world to adopt bitcoin as legal tender. That could open a new age for the struggling Latin American economy, President Nayib Bukele, the prime mover behind the so-called “bitcoin law,” said. It also opens a new frontier for bitcoiners looking to test their economic and social theories.

Bitcoin will not just be a companion currency to the U.S. dollar, but a cornerstone of the nation’s efforts to modernize and digitize its economy. Bukele wants El Salvador to become a bitcoin mining hub – potentially tapping into its rich geothermal resources – as well as a center for blockchain software development and a paradise for the crypto rich." - Read Full Article


Source: Yahoo





2K-150K BTC BUYER IN CANADA

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

- OTCbid

-10% Gross, -6% Net, Escrow, Piermont Bank NY, Canada

Seller Mandates Only - OTCbid.com



NEW: 150K BTC @ -10% gross, -6% net, Escrow, Piermont Bank NY, Canada - Look For Seller

(Buyer : ZA BG-Tele)

Post: 29.6.21

​​​​​​

  • A genuine institutional Buyer in Canada is looking for 150K BTC @ -10%gross, -6% net

  • Buyer = 6%

  • Sellerside = 2% (open)

  • Buyerside = 2% (1.5% + 0.5% Ray) (closed)

​​

  • There can be 1000s/2000s of BTC bought in same day ( all tranches will be in multiple of 250 BTC only)

  • All tranches = 250 BTC per tranche

  • Subsequent tranches = 250, 3000-5000 BTC till 150K+BTC

  • Seller can sell 5000, 10000, 20000 etc.

  • Piermont Bank as an escrow agent which specialises in crypto deals

  • DEAL IN 4 STEPS:

  • 1. Buyer hires Piermont Bank as escrow provider, the SPA and Escrow agreement get locked.

  • 2. Escrow manager sends fund confirmation and guarantee to seller to transfer funds after seller acknowledges transfer of BTC.

  • 3. After acknowledgement of BTC transfer from seller , funds get released from escrow manager

  • 4. All intermediaries get paid as per spa agreement from escrow manager.

  • PROCEDURES:

  1. Buyer and Seller shall sign this Purchase Agreement and Escrow Agreement.

  2. Buyer shall endorse proof of financial capability. Seller shall provide proof of coins (POC) to prove availability of the Bitcoins to the Buyer.

  3. Buyer and Seller shall forward to the Escrow Agent exact wire information and banking coordinates for each of the parties and their respective representatives.

  4. Escrow Agent shall endorse the Escrow Agreement and shall circulate the completed Escrow Agreement to the Seller, Seller will transfer to buyer.

  5. Upon execution of the Purchase Agreement and the Escrow Agreement, after fixing the Tranche price, Buyer shall wire to Escrow Agent the sum to be applied to the purchase of the first tranche of 250 BTC (“Escrowed Funds”).

  6. Escrow Agent shall inform both Buyer and Seller receipt of the Escrowed Funds.

  7. Seller shall immediately initiate placement of the first tranche of the BTC directly into the Buyer’s Wallet bearing the following wallet address: [BUYER TO PROVIDE]. Buyer’s Wallet address shall not be changed unless Buyer provides notice of the change in writing, which change is verified via a recorded video call among the undersigned President & CEO of Buyer and authorized representatives of the Seller and the Escrow Agent. Seller shall provide evidence of said deposit of BTC after receipt of confirmation of the Escrowed Funds with the Escrow Agent.

  8. Upon the completion of six confirmations in the blockchain of such deposit (which may also be verified on https://www.blockchain.com/btc/address/[BUYER TO PROVIDE]), Buyer shall confirm receipt of the BTC in its Wallet.

  9. Upon confirmation of receipt of the BTC by Buyer, Escrow Agent shall disburse the Escrowed Funds less payments for commissions (2% buy-side / 2% sell-side) and payments due to Escrow Agent. All payments shall be made via wire transfer or BTC. Escrow Agent shall disburse funds within 24 hours of the transaction being consummated and after both Seller and Buyer verify the same in writing.

  10. For additional tranches steps 5 – 10 in this transaction procedure will be repeated until the total volume is settled.

BUYER MANDATE ONLY

Interested parties should contact :

​​

  • OTCbid@gmail.com

  • DM Raymond Chai (on Linkedin)

  • Telegram @OTCbiddotcom

  • Telegram: +1 (786) 632 8577

  • T.me/otc_bid

  • OTCbid.com


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