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El Salvador will be a leader in the adoption of bitcoin

El Salvador will be a leader in the adoption of bitcoin

Samson Mow, CEO of JAN3
stated that El Salvador may be a leader
in global bitcoin acceptance (BTC).

He also believed that other Latin

American States could follow El Salvador's example.

El Salvador will make bitcoin legal tender in 2021.

Under the supervision of President Neb Bukel

a well-known bitcoin enthusiast.

During an interview with Swan

Mow admitted that getting a million people excited

about Bitcoin is not an easy task.

However

he insisted that many people were already watching El Salvador.

It sees the nation as a guiding beacon and a potential catalyst for similar actions in other countries.

Mow speculated about other countries that might adopt bitcoin as a legal currency, specifically mentioning Guatemala.

According to him :

Guatemala could quickly adopt bitcoin because of

its legal framework allowing foreign currency to be used for payment.

Mow sees El Salvador as an initial step towards identifying Bitcoin, but acknowledges that more countries need to adopt cryptocurrency.

He argues that when people are explained that "bitcoin is money" is a more effective approach than promoting it "as a commodity."

Can other countries adopt bitcoin as a legal currency?

Mow believes that BTC can help combat the progress of central banks' currencies, considering it the only tool that can effectively counter the rise of digital currencies.

It is also suggested that BTC can be a boon to

States with geothermal and hydropower resources.

According to Mao, these countries can drill for cryptocurrencies and are likely to become as prosperous as "Saudi Arabia or the United Arab Emirates."

Recently :

Mow has been working on the adoption of Bitcoin

for the state, as shown on Twitter.

Many Bitcoin fans have recently collaborated with the Salvadoran government.

This includes Ricardo Salinas Pleijo
one of Mexico's richest individuals
is one of bitcoin's most well-known supporters.

The National Office of Bitcoin Salvadoran is presently led by Bitcoin enthusiasts Max Keizer and Stacy Herbert.

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