Post
Topic
Board Bitcoin Discussion
Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻
by
Rufsilf
on 26/10/2021, 07:30:24 UTC
That's how it is! This announcement was left for the end of the 2021 Bitcoin Conference with the participation of Jack Mallers.
Among the most impressive that helped me understand why bitcoin will be the currency that will lead the country of El Salvador is this.

Quote
"Over 70% of the active population of El Salvador doesn't have a bank account. They're not in the financial system." -Jack Mallers

https://twitter.com/TheBitcoinConf/status/1401279373223866369?s=19

At the conference the president of El Salvador makes the announcement.

Quote
President of El Salvador, Nayib Bukele: "Next week I will send to congress a bill that will make #bitcoin a legal tender."

https://twitter.com/BitcoinMagazine/status/1401279550538108933?s=19

That is a nice move Mr. President, now it's just a matter of time before the legalisation of bitcoin and make it a legal tender. I know that their congress will approve that bill because that's just a beginning to help and make El Salvador's economy lively. It may be much longer for them to understand how bitcoin works but atleast they're already starting.

I'm sure that the people in El Salvador right now starts doing crypto related business. Crypto enthusiasts and investor will start to look for some spot too.