El Salvador. We are working with our partners there (crypto ATMs and PoS solutions) to find a way to introduce Dai to the country. There are two approaches for it, depending on the audience:
Current situation. Although Bitcoin is accepted for payments, our partners think people in general (especially merchants) won’t save their money in BTC but will look out for ways to convert it to USD.
- We have to start an educational campaign to explain how DAI is a dollar (a better dollar). This has been a recurrent challenge in the past with emergent markets, where it’s essential to explain to people what Dai is. It’s confusing for them because it’s not self-explanatory.
- As part of a previous agreement we have with one of our partners, we will be launching a solution for merchants to accept BTC and convert it and save it in DAI.
Current situation. Part of their treasury will be in BTC, and they intend to offer a service to their citizens to convert BTC to USD.
- Through our partners, we will propose to them the wBTC vault to get loans in Dai.
New bridge!!! Sovryn bridge went live, accepting DAI from ETH Mainnet or BSC to RSK network using Babelfish protocol and transforming the DAI into XUSD. Babelfish protocol is going live in a few days.
MaoDAO: First Play-to-earn DAO in China, also serves as an incubator, aims to help build a broader NFT community and make community-driven projects come into existence through an incubator. Onboarded hundreds of players to Axie Infinity. They are going to use DAI as payment.