Hello bitocointalk 👋
I saw his on X (former twitter) and wants to share it here:
https://x.com/BitcoinNews21M/status/1971439588716707936?t=T70OTXeO8SommhpGWSfxrw&s=19
El Salvador is really doing great away from legal tender now a Bank! I give El Salvador their flowers !
Bitcoin do not need that middle man, But I think El Salvador is trying to leverage from the system already created by offering its own crypto services, such as selling of Bitcoin to people (exchange services) and or offering of crypto loans, but many will still fall for this by giving them their assets to manage, whereas Bitcoin has come to eliminate the middle, and you are now your own bank, but a lot of people seem stalked on the old tradional banking system. I saw his on X (former twitter) and wants to share it here:
https://x.com/BitcoinNews21M/status/1971439588716707936?t=T70OTXeO8SommhpGWSfxrw&s=19
El Salvador is really doing great away from legal tender now a Bank! I give El Salvador their flowers !
The above may literally be the conception of many on El Salvador's move.
But El Salvador's move to allow investment banks to handle Bitcoin and digital assets aims to attract foreign investment, foster a new regulated banking category for crypto, and position the nation as a hub for blockchain innovation.
While initial aims included reducing remittance costs and increasing financial inclusion, recent developments focus on building a comprehensive crypto financial ecosystem and expanding the institutional architecture to support new financial products and services for renowned or expensive investors.