The Bitcoin train is moving fast in El Salvador. The law that makes it legal tender enters into result in September, but the very first Bitcoin business is currently up and running. Also, a member of the United States government and Reuters have President Bukele in their minds. Plus, concrete enhancements in El Zonte, the land of Bitcoin and the Lightning Network.
Associated Reading|Bitcoin Adoption: Why Paraguay Could Follow In El Salvador’s Footsteps
Are you ready to enter into it? This train is moving quickly as lightning, hop aboard!
Political Leaders And Media Magicians
- The U.S. Under Secretary of State for Political Affairs, Victoria Nuland went to El Salvador. She had a “productive conference” with President Nayib Bukele and Alexandra Hill, the Foreign Minister. Nuland was visiting Paraguay, Panama, and El Salvador. As far as we can tell, she didn’t visit El Zonte.
According to The U.S. Embassy in El Salvador:
In El Salvador, reinforced U.S. support for strong democratic organizations, transparency, and rule of law in conferences with Salvadoran President Bukele Foreign Minister Hill, and in roundtables with civil society and with young Salvadoran politicians.
Had an efficient meeting with President @nayibbukele and Foreign Minister Alexandra Hill to go over democracy, governance, and guideline of law. We look forward to continuing to collaborate to promote a safe, democratic, and flourishing El Salvador. pic.twitter.com/9r4gK2QFTZ
—– Under Secretary Victoria Nuland (@UnderSecStateP) July 1, 2021
< script async src="https://platform.twitter.com/widgets.js“charset=”utf-8″>For his part, Bukele tweeted:”United Fruit Company.
- “Google it. Mentioning President Bukele, Reuters used his image for a short article entitled: “Central American officials arrive on list as part of U.S. corruption crackdown.” The thing is, Bukele was no place to be seen in stated list. A little mishap? Or, maybe, the example you need to deal with if you attempt to release the people from the cartel that is the banking system? You choose.
President @nayibbukele is NOT on this list.
And yet @Reuters uses his image suggesting he is.
Ethics? Reuters has none. Pitiful. https://t.co/gljmyi0IgC
—– Brandon Quittem (@Bquittem) July 2, 2021
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But enough about politicians, let's speak about crucial people. BTC rate chart on EXMO|Source:
- BTC/USD on TradingView.com News From El Zonte AKA Bitcoin Beach Bitcoin is hope. These two El Zonte shopkeeper are on their method to financial liberty. Let's examine back with them in 10 years.
David López and María del Carmen Aguirre own a small store in El Zonte. By accepting #Bitcoin, they had the ability to buy a fridge and a kitchen. pic.twitter.com/vaaXxaUHkr
—-- Bitcoin Magazine (@BitcoinMagazine) July 2, 2021
- In El Zonte, they offer free courses on entrepreneurism, English, software application development, and more. This motion is about lifting the community as a whole. No woman or man left.
The current finishing class from our computer ability program. Greatest part is the instructor was one of the students that completed the program in 2015. That is how you construct a movement. Getting ready for the #Bitcoin associated jobs that are flowing in. pic.twitter.com/HgaKT9twLr
—-- Bitcoin Beach (@Bitcoinbeach) June 29, 2021
It's in Spanish, but check out Bitcoin Beach's marketing video. It's amazing. #Bitcoin una herramienta para impulsar nuestros proyectos sociales, @Bitcoinbeach generando más y mejores oportunidades para la comunidad.Un arduo trabajo de @jorgebitcoinES @romanmartinezc @ArguetaSalim y todo el equipo. pic.twitter.com/C3mcaCoqrW-- Hirvin Palma(@HpCoin1)June 19, 2021 That's it from El Zonte. Let's turn our heads to the business world.
The First Bitcoin Company Is Already Operating
Among the Bitcoin Law's goals is to bring new service to El Salvador's coasts. Well ...
- Bitcoin ATM producer ChainBytes, "incorporated in El Salvador as ChainBytes El Salvador S.A. de C.V." As you can see in the following video, the machines already showed up and they're starting a business. Their aim is to produce Bitcoin ATMs in El Salvador and serve the whole region. The plan is, "to make El Salvador a major exporter of Bitcoin ATMs."
keep your eyes & & ears open this next week! #ElSalvador will be the manufacturing hub of #Bitcoin ATMs to all of North and South America…
& … & then the world. #leybitcoin #VAMOS #cryptocurrency https://t.co/7b6Ngk90sk
—-- ChainBytes (@ChainBytes) July 2, 2021
And that's this week's news roundup from El Zonte and San Salvador. As quickly as the Bitcoin Law goes into effect, we're sure we'll get reports from all over the nation. Keep your eye on Bitcoinist and we'll keep our ear on the ground.
Associated Reading|How El Salvador Embracing Bitcoin Signifies "The Separation Of Money And State"
If you would like to know more, you can likewise inspect our analysis of VICE's mini-documentary about El Zonte, Bukele's description of the Bitcoin Law, and recently's news from El Salvador.Included Image by Gerson Rodriguez from Pixabay - Charts by TradingView