Cryptocurrency News

El Salvador President Nayib Bukele Plans to Declare Bitcoin Legal Tender Next Week – Bitcoin News

At the Bitcoin 2021 conference in Miami, the president of El Salvador, Nayb Bukele, appeared via a Zoom presentation and said he plans to introduce a bill next week that recognizes bitcoin as legal tender. Bukele revealed a partnership with the company Strike, a bitcoin payments firm started by Jack Mallers.

Progressive President Nayib Bukele says bitcoin will be legal tender in El Salvador

  • El Salvador wants to be the first country to adopt bitcoin (btc) As legal tender, the country’s President Nayib Bukele declared El Salvador B T c Support at the Bitcoin 2021 conference in Miami.
  • Bukele reveals the country has forged ties with the firm strike, a Lightning Network payments company created by Jack Mallers.
  • muller Explained During the conference that it would go down as “the bullet heard around the world for bitcoin”. Mallers said: “What is transformative here is that bitcoin is both the largest reserve asset ever and the better monetary network. Holding bitcoin provides a way to protect developing economies from the potential shocks of fiat currency inflation.”
  • “Next week, I will send a bill to Congress that will make bitcoin legal tender in El Salvador. In the short term it will create jobs and help provide financial inclusion,” said Nayb Bukele said At the conference via Zoom.
  • After the announcement of the submission of the bill by the President of El Salvador, the attendees of the conference were filled with enthusiasm. Of course the news went viral on crypto forums and started trending On social media too.
  • Known to be NB Bukele progressive He has spoken about bitcoin before and since he took office in 2019. “One small step for bitcoin. One giant leap for mankind. Thank you, Jack Mallers. You made [history] Today, “a person tweeted.

What do you think about the President of El Salvador making bitcoin legal tender in the country? Let us know what you think about this topic in the comment section below.

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