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

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At the Bitcoin 2021 conference in Miami, El Salvador’s president, Nayib Bukele, appeared with a presentation by Zoom and noted that he plans to send a bill next week that recognizes bitcoin as a legal tender. Bukele revealed a partnership with the company Strike, a bitcoin-paid company launched by Jack Mallers.

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

  • El Salvador aims to become the first country to adopt bitcoin (BTC) as a legal tender, as the country’s president Nayib Bukele announced that of El Salvador BTC support at the Bitcoin 2021 conference in Miami.
  • Bukele revealed that the country has formed a relationship with the company Strike, a payment company Lightning Network created by Jack Mallers.
  • Mallers explained during the conference that it will fall as the “shot heard” around the world for bitcoin. Mallers added: “What transforms here is that bitcoin is and the largest reserve asset ever created and a superior money network. Possession of bitcoin provides a way to protect developing economies from possible shocks from fiat currency inflation. “
  • “Next week, I will send to congress a bill that will make bitcoin a legal payment in El Salvador. Soon that will generate jobs and help provide financial inclusion,” Nayib Bukele said at the conference with Zoom.
  • After the president of El Salvador announced that he would send the bill, the conference attendees were excited. The news of course went viral in crypto forums and started trend also on social networks.
  • Nayib Bukele is known to be progressive since he took office in 2019 and talked about bitcoin before. “One small step for bitcoin. One giant leap for humanity. Thank you, Jack Mallers, for creating it [history] today, ”one individual tweeted.

What do you think of El Salvador’s president’s announcement that the country will make bitcoin a legal payment? Let us know what you think about this topic, in the comments section below.

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