Transactions from 50,000 to 15 million dollars are settled in 1-2 days with local banks.
“The flow is growing exponentially,” confirms George McBride, head of Satstreet in El Salvador.
A Canadian institutional broker claims that it is processing millions of dollars in investments via bitcoin (BTC) to El Salvador. This is the Satstreet firm, which acts as an intermediary for large clients – such as high-net-worth investors, corporations or funds – to buy or sell digital assets quickly, without using public exchanges.
George McBride, local director of the firm, confirmed that Satstreet handles transactions ranging between $50,000 and $100 million. The company converts bitcoin into dollars to deposit them in Salvadoran banks. “It is a number that is growing exponentially,” said to Diario El Salvador.
Settlements are usually completed in one or two days after due diligence, added the director of the company that is actively operating from El Salvador in 2024, allowing it to execute local transactions.
The company is registered as a Digital Asset Service Provider (PSAD) with the National Commission for Digital Assets (CNAD), with authorization to exchange cryptoassets for fiat money and operate trading platforms.
The McBride family accelerates this connection. John McBride, George’s father and pioneer investor, moved to El Salvador after the Bitcoin Law of 2021. He now runs firms such as Mail Boxes Etc., and Cielo Norte Aviación. Its role is to promote the country to foreigners. «We don’t want to be just a transactional company. If we can connect a customer with an opportunity that fits their experience, we do it,” George explained.
El Salvador attracts digital capital due to its clear legal framework for the bitcoin and cryptocurrency sector. And also because of the security measures implemented by its president Nayib Bukele, as McBride highlighted.
«People want to live or invest where their children are safe. “That makes a huge difference,” he said.
The arrival of international giants like Satstreet is strengthening the local ecosystem, where they do not grow alone. This is because its arrival is complemented by the increase in native bitcoin companies on Salvadoran soil. As CriptoNoticias recently reported, more than 30 local startups are already grouped in Asobitcoin, demonstrating the strengthening of the ecosystem.
In that sense, while Salvadoran entrepreneurs create wallets, remittances and fintech solutions From scratch, institutional traders like Satstreet bring the heavy liquidity. This allows foreign investors to buy properties, finance projects and establish themselves in the country in a matter of days.
This double engine—local talent and global capital—can give El Salvador new impetus to continue standing out as one of the most dynamic Latin American countries of the moment.