El Salvador Bitcoin Safari for South Carolina State Treasurer


The bitcoin standard in El Salvador – Some US states are very open to cryptocurrencies. After the Colorado who accept cryptos to pay taxesit’s here Caroline from the south which seems to have high-ranking followers of Bitcoin (BTC). Its treasurer even went as far as salvador to inquire.

El Salvador: A Success Story of Bitcoin Integration

Since El Salvador made its first Bitcoin a legal tender currency, the Central American country serves as an example for the adoption of cryptocurrencies. A model that interests even in the state of South Carolina in the USA.

Indeed, as SCBIZtv reports on October 5, 2022, Curtis Loftisthe treasurer of this American state, made a “information trip” in El Salvador. This, to see how much Bitcoin can fit in perfectly to everyday economic life. And this, on the scale of an entire country.

The treasurer took a group of business leaders and crypto enthusiasts with him on this 5-day exploratory stay. And obviously, this visit was very useful:

“What we have witnessed in El Salvador is very exciting in our efforts to encourage greater support for, and understanding of, digital assets and emerging technologies here in South Carolina. (…) We have heard many stories of how street vendors have embraced this technology, and have greatly expanded their businesses. »

Dennis Fassuliotis, president of the South Carolina Emerging Technologies Association (SCETA)

>> Register quickly on Bitget and make a first trade to get $20 bonus in USDT (commercial link) <<

Cryptocurrency education, not misinformation

The US delegation was particularly impressed by educational support from Salvadoran citizens to cryptocurrencies. Far from seeking to terrorize them on ” the danger » digital assets such as many mainstream media, local authorities have set up a financial education program. With learning how to use bitcoin for daily transactions.

“El Salvador is a rapidly changing country. He took a can-do approach to transforming a largely unbanked population into one that is now embracing the use of Bitcoin. (…) My goal was to see how this bold initiative worked, and I was pleasantly surprised. (…) When I spoke to many small business owners, they showed interest in using Bitcoin, and hope that its expansion will continue in the near future. »

Curtis Loftis, South Carolina State Treasurer

Barely one year after the entry into force of the Ley Bitcoin, adoption is such that one in five Salvadorans already regularly uses Bitcoin, rather than the US dollar (the country’s other legal currency). With the help of Nayib BukelePresident of El Salvador, the country will continue to demonstrate the economic benefits of bitcoin and cryptocurrencies.

Want a boost to buy Bitcoin? Sign up now on Bitget and make a first trade. You will then receive $20 bonus in USDT! Limited-time offer, reserved for the first 1000 subscribers (commercial link, see conditions on the official website).



Source link -95