The Bitcoin Association of El Salvador (Asobitcoin) announced its creation as an organization of companies, educators and individuals focused on promoting the adoption and use of Bitcoin in the country. This was reported to Cointelegraph en Español through a statement.
“Our fundamental mission is to create and support initiatives for the massive adoption of Bitcoin in El Salvador, reflected in the improvement of the quality of life and economy through activities of education, research, innovation, technological and social development fully with government institutions, private company and society in general”, they expressed from the Association.
Asobitcoin is an organization backed by the “National Bitcoin Office”, official entity that works under the tutelage of President Nayib Bukele.
Among the founders and representatives of “asobitcoin” are Will Hernandez, Steve Orellana, Lorena Robles, Manuel Ayala, Carlos Rivas, Juan Alejandro Díaz, Melvin Castillo and Rafael Calzadilla, well-known members of the Bitcoin ecosystem of El Salvador.
Education, adoption and development of Bitcoin in El Salvador
From the adoption of Bitcoin as legal tender in El Salvadorthe country started a unique project in the world, with many challenges and work ahead to achieve success.
Will Hernandez expressed: “The initiative to create Asobitcoin was born because we are committed to the success that El Salvador must have with the adoption of Bitcoin as legal tender. Many companies do not know how to get paid in Bitcoin, so one of our tasks will be to provide the tools so that they can easily learn to use Bitcoin. Within the Association are the companies that have already created these tools”.
Asobitcoin will carry out educational, research, technological, economic and social development projects Hand in hand with Bitcoin, for the benefit of the citizens of El Salvador.
Steve Orellana stated: “I believe that one of the fundamental pillars of the Association is education, therefore Asobitcoin’s purpose is to help and support universities and colleges, as well as other NGOs that are providing education such as ‘My First Bitcoin’, or ‘La Casa of Bitcoin’, so that education can spread and make teaching more effective. This will mean that there may be greater success in the adoption of Bitcoin in El Salvador.”.
“From this moment, companies, universities, organizations, entrepreneurs, investors, businesses and the general population will be welcome to this association, in order to build a better reality for the country.”, they state in the statement.
Carlos Rivas said: “The idea is that the Association becomes the center where you should go to clarify various types of doubts about the regulatory framework of El Salvador and that you have a place where you can receive updated information first hand.”.
Ethics and responsibility to achieve the success of Bitcoin in El Salvador
Asobitcoin claims to be firm and clear in complying with the laws in force in El Salvador, which on the one hand define Bitcoin as legal tender, while other assets or cryptocurrencies fall within the framework of the recently approved Digital Assets Issuance Law.
Lorena Robles highlighted: “We want Bitcoin to be a complete success in the country and for that the population has to be informed, they have to learn to use the tools and their advantages, and fight the misinformation that some companies and people have given”.
Asobitcoin opens its doors to all of El Salvador
The distinction between Bitcoin and other assets is clear, Asobitcoin affirms that it will defend and guide those companies and individuals who wish to integrate into this new reality of the country.
Will Hernandez remarked: “We think that we have to have a platform in which companies that come to the country and also Bitcoin users can have the correct information to access the El Salvador market in the best way, and prevent them from falling into the hands of companies that offer other assets or currencies that are not legal tender in the country”.
The Association also extended its invitation to all stakeholders in society, including banks in El Salvador. Manuel Ayala said about it: “My message is that we are not competition, we are allies. The main function of Bitcoin is facilitate financial inclusion. This can be the first experience of the unbanked population, which in the case of El Salvador is 65%, with Bitcoin. We can help you order and manage your finances in this way and make transactions easily. Eventually they will be able to reach the traditional system, but Bitcoin is the gateway for millions of salvadorans no access to a bank account”.
Soon, Asobitcoin will announce its official launch and opening to the public, where those companies or interested persons who want to belong to this association can formalize their entry.
The headquarters of “asobitcoin” is located at 9th Calle Poniente, House No. 5130, Colonia Escalón, San Salvador, El Salvador.
Disclaimer: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information presented here should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.
It may interest you:
Investments in crypto assets are not regulated. They may not be suitable for retail investors and the entire amount invested may be lost. The services or products offered are not directed or accessible to investors in Spain.