Bitcoin mass adoption imminent? 44 countries visit El Salvador today

Today is an important day for Bitcoin (BTC) adoption. The president of El Salvador, Nayib Bukele, announced yesterday that as many as 44 countries are coming to talk about the cryptocurrency.

Bitcoin adoption boost

El Salvador rose to fame after becoming the first country in the world to adopt bitcoin as legal tender. This means that all companies have to accept the cryptocurrency as a payment method, so anyone in the country can use bitcoin as official money.

For Salvadorans, this is especially interesting in view of the large number of Salvadorans living abroad. They often send money to their families in El Salvador, for which BTC is ideal. Whether the adoption of BTC will go smoothly, however, remains to be seen. Various reports show that adoption is slow, but other reports indicate that things are going well.

Anyway, 44 countries come to visit the president to come and talk about bitcoin. This could be a very important development as it could potentially inspire these countries to take similar steps. Bukele, the president of El Salvador, announced the meeting yesterday.

“Tomorrow, 32 central banks and 12 financial authorities (44 countries) will meet in El Salvador to discuss financial inclusion, digital economy, bankless banking, the Bitcoin rollout and its benefits in our country.”

Ghana, Uganda and Egypt are participating

Then Bukele tweeted the full list of countries that will be attending (open the tweet to see the full list). Perhaps not unexpected is the fact that it mainly concerns developing countries.

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Think of countries such as Ghana, Gambia, and Uganda. But countries from other parts of the world are also included, such as Jordan, Pakistan and Paraguay. Do these countries see the same opportunities in bitcoin as El Salvador? We certainly hope so!

El Salvador recently bought the bitcoin dip. The country added 500 bitcoins to its reserves.

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