El Salvador
Crypto
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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.[/text_output]
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[/text_output][line id=”” class=”” style=””]
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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- El Salvador becomes 1st country to adopt bitcoin as legal tender
- El Salvador to make Bitcoin Legal Tender: A Milestone in Monetary History
- El Salvador to declare Bitcoin as Legal Tender
- One Small Step for Bitcoin, One Giant Leap for Mankind – Jack Mallers
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