El Salvador, headquarters of the convention of nations to discuss BTC

El Salvador, headquarters of the convention of nations to discuss BTC
  • Representatives of 32 central banks and 12 financial authorities belonging to 44 countries met this Monday, May 16, to discuss financial inclusion, the digital economy, banking for the unbanked, the launch of Bitcoin in El Salvador and its benefits in the country.
  • Those who flocked to El Salvador are those who are financially compromised and unable to emerge.

In the history books, El Salvador will always appear as the first country that was encouraged to innovate and made Bitcoin a legal tender, giving it the same entity as the US dollar, its traditional currency. But the Central American nation continues to carry the crypto spear despite its numbers in the red and this Monday, May 16, it hosted a convention of nations focused on discussing digital assets.

Through your account Twitter the president, Nayib Bukele, assured that 32 central banks and 12 financial authorities belonging to 44 countries met this Monday, May 16, to discuss financial inclusion, the digital economy, banking for the unbanked, the launch of Bitcoin in El Salvador and its benefits in the country.

The list of attendees are:

  • Africa: Sao Tome and Principe, Angola, Ghana, Namibia, Uganda, Guinea, Madagascar, Burundi, Swaziland, Gambia, Rwanda, Kenya, Egypt, Nigeria, Senegal, Mauritania, Congo, Mozambique, Morocco, Sierra Leone, Zambia, Lesotho, Liberia, Sudan and Malawi.
  • America: Paraguay, Haiti, Honduras, Costa Rica, Ecuador and the Dominican Republic.
  • Asia: Jordan, Maldives, Nepal, Pakistan, Bangladesh, Mongolia and Palestine.
  • Europe: Armenia.
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Bitcoin Beach, meeting point

On Friday, May 13, three days before Bukele’s announcement on social networks, the Bitcoin Beach Twitter account had announced that these and other countries had begun a trip to El Salvador.

The Central Banks of Angola, Armenia, Bangladesh, Burundi, Congo, Costa Rica, Egypt, Gambia, Ghana, India, Namibia, Senegal, Sundan, Uganda, Zambia and 25 other developing countries are boarding planes today to fly to El savior”, wrote the account that has more than 67 thousand followers.

The Bitcoin beach Twitter account also shared a world map marked in yellow with countries that have already adopted Bitcoin in some way.

As can be seen, none of the participants is a first world country and does not form any powerful economic bloc. Those who flocked to El Salvador are those who are financially compromised and unable to emerge. Cryptocurrencies could mean a way out. The test of the country presided over by Bukele, beyond the fact that at the level of numbers it is losing, shows that digital assets are much more than a fantasy, as many critics point out.

The first country took 12 years to adopt Bitcoin, the second took about 8 months, and if the president of Panama signs his recent Bitcoin bill, it will be the third only a month after the second.”, described Bitcoin Magazine.

The crypto revolution may be much further along than some enthusiasts realize.

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