Bitcoin Rewards Company Fold Expands to El Salvador, Brushing Off Jump in On-chain Fees

Bitcoin rewards firm fold_app says it’s building a local office in El Salvador. $BTC FrederickMunawa reports.

The choice to establish a base in Latin America comes at a time where Bitcoin transaction fees have become prohibitively expensive for some Salvadorans due to a sudden explosion in transactions precipitated by the on-chain

minting ofBut the flurry in on-chain activity is showing signs of slowing down as congestion in the Bitcoin mempool – a database of unconfirmed transactions – has eased from nearly 500,000 unconfirmed transactions to roughly

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