El Salvador Hosts 44 Bitcoin-focused Countries to Discuss Bitcoin Adoption

May 18, 2022

Reading Time: 2 minutes

Cryptocurrency adoption is increasingly becoming the center of discussion among different countries as world leaders are looking to improve the current world financial system.

Months after El Salvador adopted Bitcoin, President Nayib Bukele announced the invitation of 44 countries across the globe to discuss “rollout and benefits” of Bitcoin. The countries comprise 32 central banks and 12 financial authorities worldwide.

In the President’s tweet on Monday, “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”,

Furthering in his tweet, he announced the invited countries, which comprise mostly South and Central American nations, the African continent countries, as well as countries from the Middle East.

With the hostility of financial institutions towards Bitcoin and other digital currencies, President Bukele’s decision to host Bitcoin discussions among different countries will play a significant role in the inclusion of Bitcoin in the global financial system.

El Salvador’s adoption of Bitcoin has greatly benefited the country’s tourism industry as more investors rushed to the country in huge numbers.

The country’s Authorities are also looking to gather more data to develop new systems for integrating Bitcoin into their economy.

In the recent crypto bear, El Salvador bought the plunge, a transaction that added 500 BTC to the government’s values, increasing El salavdor’s total BTC holdings to 2,301, that is around $71 million at current market rates.

Today is the third day of the discussion. Do you think Bukele’s invitation will play a significant role in the inclusion of Bitcoin in the global financial system? Please share your views by commenting below; while you comment, you can win trades with us on various exchanges; we have BinanceVIP, BybitVIP, and KucoinVIP. Use PRO20% as your promo code for a 20% discount today; join our telegram channel for free trading signals.

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