Thu. Jul 25th, 2024

It has now been 7 months since El Salvador adopted bitcoin as legal tender. With this, the country was the very first in the world. Today (Tuesday May 17th) a meeting will be organised in El Salvador to transfer this knowledge to other interested countries.

44 countries will meet

44 countries will come to El Salvador to discuss various financial developments. This was reported by Nayib Bukele, the country’s president, on Twitter.

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

Bukele said. Surprising is that the Central African Republic, the second country that adopted bitcoin as legal tender, is absent from this meeting.

What can we expect from this?

So far, Bukele has not announced much about the specific contents. We will have to wait and see what this means for other countries, but it is almost certain that something interesting will come out of it.

As these countries and their financial institutions learn more about bitcoin – and the benefits it can bring – they may be able to get a ball rolling in their home countries. This would help the adoption of bitcoin, or not, if it turns out that bitcoin has not been so beneficial for El Salvador at all.


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