El Salvador to build 20 'Bitcoin Schools' with surplus from Bitcoin Trust

El Salvador to build 20 'Bitcoin Schools' with surplus from Bitcoin Trust

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....


Related News

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.

High School Students In El Salvador Can Earn A Bitcoin Diploma

Two public schools in El Salvador are offering a vocational course that teaches Bitcoin as a skills-based diploma and counts towards graduation.

El Salvador's Democratic Assembly Approves $150 Million Bitcoin Trust

The Finance Commission of the Legislative Assembly of El Salvador agreed Monday to create a $150 million Bitcoin trust to facilitate exchange between Bitcoin and U.S. dollars in El Salvador.

Salvadoran President Nayib Bukele Announces Construction of Vet Hospital With...

Nayib Bukele, president of El Salvador, announced yesterday he will start using surplus funds from the country’s bitcoin trust. Part of the $4 million excedent will be invested in a vet hospital that will offer different services for the pets of Salvadoran citizens. Bukele explained this is possible due to the bitcoin price increase in the last few days. Nayib Bukele Proposes Construction of Vet Hospital Nayib Bukele, president of El Salvador, announced yesterday the construction of a veterinary clinic with funds coming from the country’s recently created bitcoin....

El Salvador To Build The First Bitcoin City Using Tokenized Bitcoin Bonds

El Salvador seems to be looking to a future fully integrated with bitcoin. The country which had made history in September as the first sovereign nation to make bitcoin a legal tender has taken another step forward in its adoption of the cryptocurrency. After investing millions of dollars into BTC, El Salvador has announced the […]