President Bukele: El Salvador To Use Bitcoin Profits To Build 20 Schools
The President of El Salvador Nayib Bukele has announced the nation will build 20 new schools with Bitcoin profits.The President of El Salvador Nayib Bukele has announced the nation will build 20 new schools with Bitcoin profits, the Press Secretary of the Presidency’s Twitter account confirmed. The funds come from the surplus of the Salvadoran Trust for the Adoption of Bitcoin, which is currently enjoying all-time highs at above the $60,000 price mark. The announcement was made just after President Bukele carried out the symbolic act of laying the first stone of the first public....
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The government will use the “surplus” from its Bitcoin Trust account that currently contains 1,120 BTC. The government of El Salvador is embarking on its next Bitcoin-related project which involves building schools using profits the nation has made on the asset.Profits or the “surplus” from the state’s Bitcoin Trust account will be channeled into the construction of 20 schools according to President Nayib Bukele. On Nov. 2, the Press Secretary of the Presidency tweeted:“When this project was started, we had not made as much money in FIDEBITCOIN [state BTC Trust account] as we have made....
El Salvador President Nayib Bukele gives a sneak-peek into upcoming Volcano-powered Bitcoin mining farms. President Bukele Releases Preview El Salvador’s President, Nayib Bukele, used Twitter to give an early peak at the planned Bitcoin mining setup, which would be powered by volcanoes. Earlier this month, Salvador became the first country in the world to recognize […]
Not minding the oppositions and criticisms concerning the Bitcoin Law, the President of El Salvador is moving to implement the Bitcoin law come September. Nayib Bukele, El Salvador’s President, opens up to the upcoming Bitcoin Law implementation plans on September 7th. Bukele also talked about Chivo Wallet Application ready for download on the very same […]
The President of El Salvador, Nayib Bukele, announced that 200 ATMs and 50 in-person kiosks are being built to launch on September 7. President Bukele also noted that the government will facilitate the buying and selling of Bitcoin without collecting any commission.
El Salvador President Nayib Bukele announced that 32 central banks and 12 financial authorities are meeting in the country to discuss Bitcoin.