El Salvador President Talks About Bitcoin Wallet, Mining Using Volcanic Energy and More
El Salvador created history today by becoming the first country to approve Bitcoin as a legal tender. Nayib Bukele, the President of the South American nation joined a Twitter Space hosted by Nic Carter when the Bitcoin bill was being discussed by the country’s Congress. During his Twitter space discussion, Bukele revealed that the country is not only partnering with Strike to create a government Bitcoin wallet, but citizens would be free to use any Bitcoin wallet of their choice.
The #BitcoinLaw has been approved by a supermajority in the Salvadoran Congress.
62 out of 84 votes!
— Nayib Bukele (@nayibbukele) June 9, 2021
El Salvador will buy $150 million in Bitcoin and HODL from individuals and businesses who accept it but need help exchanging the currency.
Twitter Space is quite similar to the concept of the Clubhouse app that offers community voice chat and discussion features. The Carter-hosted discussion became the biggest gathering with over 22k people joining in to listen to the President of El Salvador, at a time when the Bitcoin bill was under consideration.
Would El Salvador Focus on Bitcoin Mining Next?
During his Twitter Space interaction, Bukele was asked about the further plans of the country regarding Bitcoin and whether they plan to work toward Bitcoin mining from an administrative point of view. The president responded positively suggesting even though they haven’t discussed anything about Bitcoin mining as of now, they would work toward making El Salvador a Bitcoin mining hub in near future. He also discussed the use of volcanic energy to power Bitcoin mining farms to promote sustainable mining.
The President also noted that even though they are one of the smallest counties in South America, the move to adopt Bitcoin as a legal tender is not a gimmick. El Salvador’s move has already created a ripple effect among Central and South American nations, many of which have hinted at joining El Salvador to adopt Bitcoin.
The post El Salvador President Talks About Bitcoin Wallet, Mining Using Volcanic Energy and More appeared first on Coingape.
- Mobile app
- Telegram Channel
- Telegram Group
- Binance Referral Link
- Bitmex Referral Link
- (Recommended For Leverage) ByBit Referral Link
- (Recommended For Altcoin Leverage) FTX Referral Link
- Buy Ledger Nano at discounted price
- Buy Cool Wallets at discounted price
All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.es here