The President of El Salvador announced a meeting of 32 central banks and 12 financial authorities from 44 countries from May 16 to 19. The opportunity to talk about Bitcoin and financial opportunities of DeFi.
El Salvador is the first country to adopt bitcoin as its official currency, and its president Nayib Bukele is still teeming with projects like Bitcoin City. The content of the meeting is fiercely optimistic, despite a sharp drop in crypto-asset prices.
African and South American nations united
Among the countries gathered during these three days are representatives of 17 African nations such as Morocco, Senegal, Mozambique, Sierra Leone, Lesotho and Zambia. The big absentee from these festivities being the Central African Republic, which nevertheless designated bitcoin as its official currency, at the end of April 2022. The list of these countries can be found in a tweet from the President of El Salvador.
Developing countries, therefore, who are particularly interested in the opportunities represented by crypto-assets. The purpose of this international gathering is to demonstrate the interest of bitcoin for the digitalization of businesses and financial services in El Salvador, as well as to discuss the future of cryptos.
Representatives of these countries were able to test the Bitcoin Beach Lightning Wallet, a new crypto wallet intended for citizens of Latin American countries. Bitcoin Beach is a crypto community based in the territory of El Zonte, El Salvador, previously known to be a favorite spot for surfers.
In turmoil, El Salvador still believes in bitcoin
Don’t count on Nayib Bukele to lose his enthusiasm for crypto even when bitcoin price dipped below $30,000. He revealed that El Salvador recently purchased an additional 500 BTC for its national treasury, betting that buying bitcoin at a low price will benefit it.
Especially since Bitcoin City, an entire city dedicated to bitcoin and the environment, is still part of the list of its pharaonic projects. For now, it is only a huge model, and the production phase is still pending.
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Source : CryptoSlate
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