Interestingly, a Panama-based crypto trading platform has recently made significant moves in El Salvador. The Ikigii platform mainly does one thing: it combines the traditional banking system with the Bitcoin ecosystem.

The core logic is simple: users can receive BTC, convert it into local fiat currency, and then perform cross-border instant transfers. This approach is especially popular in Central American countries with relatively friendly regulations—El Salvador, as the first country in the world to adopt Bitcoin as legal tender, naturally becomes a natural testing ground for such innovative services.

The platform has submitted an application for a digital asset service provider license to the National Digital Assets Commission (CNAD) of El Salvador. What does approval mean? It could lead to the first integration of traditional banking infrastructure with crypto payment systems in the region. For high-frequency scenarios like cross-border remittances and trade settlements, BTC is indeed much faster than SWIFT by an order of magnitude.