News
El Salvador Strengthens Its Digital Economy
- Public school children in El Salvador learn to mine Bitcoin by setting up and using their own node.
- Salvadoran Congress Approves Bitcoin-Backed Bonds to Finance Future “Bitcoin City,” Promoted by Nayib Bukele.
El Salvador, known for being the first country to adopt Bitcoin as legal tender, continues to strengthen its commitment to cryptocurrencies, purchasing one Bitcoin per day since September 2021. This persistent strategy underscores the country’s long-term vision towards integrating cryptocurrencies into its economy, as we have previously elaborate on Crypto News Flash.
Boosting Cryptocurrency Education
In a unique educational initiative, El Salvador has installed its third Bitcoin node of the year in a public school, where children not only celebrate, but also learn how to mine Bitcoin.
See more
We are thrilled to announce that the third #Bitcoin The 2024 node was installed by children from a public school in El Salvador 🇸🇻
The kids are super excited and even the school band joined us to celebrate 🥳 this fantastic day!
Thank you@bitcoinofficesv @EducationSV@DecouvreBitcoin photo.twitter.com/Iapijclvmi— NodeNation (@NodeNationSV) July 4, 2024
This activity is part of the “bitaxe” projectwhere students set up their own node and participate in an individual mining pool, receiving a comprehensive education in the technology behind cryptocurrencies.
Future Investments and Development of ‘Bitcoin City’
El Salvador’s Congress has given the green light Bitcoin-Backed Bondsa step forward in financing the “Bitcoin City” project proposed by President Nayib Bukele. This city aims to be a financial hub that attracts global investment, using the profits generated by these bonds.
Stablecoin and Gaming Integration into the Bitcoin Economy
Additionally, El Salvador is exploring the use of stablecoins, allowing for more stable and accessible transactions for its population. In a cultural twist, the country is also venturing into the world of video games with the launch of the game “Hero of Bitcoin,” playable on the Nintendo Game Boy, celebrating the country’s adoption of Bitcoin.
See more
The pre-sale for @HeroOfBitcoin is LIVE on @geyserfund! 🎉 Join the #Bitcoin adventure in El Salvador, playable on Nintendo Game Boy. Check out my bio for demo and more.
👉 Italian: https://t.co/byEvVGfuVJ #ElSalvador #GameBoy #RetroGaming 🕹️ photo.twitter.com/uaToiHTPSY— Mars (@Marsmensch) July 6, 2024
El Salvador’s commitment to Bitcoin reflects not only its position as a leader in cryptocurrency adoption, but also as an innovator in education and the use of financial technology, positioning the country on the world stage as a pioneer in the Bitcoin economy and new capital markets.
No spam, no lies, just insights. You can unsubscribe at any time.