The president of the first country to adopt Bitcoin (BTC) as legal tender is planning to meet with central banks from 32 different countries to discuss BTC and its role in economies.
El Salvadoran president Nayib Bukele tweeted yesterday that representatives from 44 countries will convene in the Central American nation today for the meeting.
“Tomorrow, 32 central banks and 12 financial authorities (44 countries) will meet in El Salvador to discuss financial inclusion, digital economy, banking the unbanked, the Bitcoin rollout and its benefits in our country.”
Bukele followed the tweet with a roll call of the planned attendees, which includes representatives from the Central Bank of Paraguay, the Bank of Ghana, the Central Bank of Madagascar, the Bank of the Republic of Haiti and the Central Bank of Jordan, among many others.
El Salvador became the first country to adopt Bitcoin as legal tender in September 2021. In April 2022, the Central African Republic became the second nation to adopt the largest crypto by market cap as legal tender.
As BTC adoption rises globally, former Blockstream executive and longtime Bitcoin (BTC) advocate Samson Mow said last week that he foresees other countries adopting the leading crypto asset by market cap in the coming years.
“Well it looks like Panama is coming. They’re just waiting for a signature from the president to sign off on a law. That was pretty unexpected, even the Central African Republic was unexpected. It just came out of nowhere.
I think definitely within this year it’s possible we’ll see another one appear. I’m actually working on a number of countries too, with Bitcoiners on the ground in different places. There’s two paths here. One is pushing Bitcoin actively, the other path is natural adoption where they figure it out on their own and say ‘Okay we’re going to use Bitcoin.’ Our prospects are looking good this year.”
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxFeatured Image: Shutterstock/Ormalternative