El Salvador
Crypto
El Salvador to declare Bitcoin as Legal Tender
Jun 5, 2021 – In a recorded announcement played today at the Bitcoin 2021 conference, the president of El Salvador, Nayib Bukele, announced that the country’s government would declare bitcoin as legal tender.
“Next week I will send to congress a bill that will make bitcoin a legal tender,” he said.
The presentation was hosted by Jack Mallers, founder of Lightning Network payments platform Strike, who has been working with Bukele to determine the logistics of this historic move.
“Over 70% of the active population of El Salvador doesn’t have a bank account. They’re not in the financial system,” Mallers said. “They asked me to help write a plan and that they viewed bitcoin as a world-class currency and that we needed to put together a Bitcoin plan to help these people.”
> bitcoinmagazine.com/el-salvador-to-declare-bitcoin-as-legal-tender
Imagine if this was your president! @nayibbukele is so boss. Best week ever in El Salvador. Can’t wait to come back and see the #Bitcoincity. @nicolasburtey and @GaloyMoney hit a home run with #Adopt21. Thanks to everyone who made this happen. pic.twitter.com/lTfzckRsPF
— Mike Jarmuz ⚡️Muzz ⚡️ (@MikeJarmuz) November 21, 2021
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