Post
Topic
Board Bitcoin Discussion
Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻
by
harapan
on 06/01/2024, 09:26:48 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

El Salvador's president be doing the most,despite how the adoption and existence of bitcoin has been ridiculed and criticized,El Salvador still intends to use bitcoin as a "legal tender".I'm equally impressed with this new implementation.

Nayib Bukele claimed it would be a boom for financial inclusion, investment, innovation, and economic development.Since bitcoin adoption have not been in usage as a medium of exchange,this el Salvador economic decision can  encourage other countries to improve their financial improvement.This will improve lives and the future of innumerable beings.