El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻

[boyptc]

El Salvador is in a far superior situation than numerous other financially strong countries, which are encountering inflation.Germany (7.4%) and America (5%) are the two.Month after month, expansion rises.El Salvador's leader could accomplish much better for his country on the off chance that he settled on a choice this significant.After El Salvador's regulation was perceived as lawful by him, most of examination and discussion in the whole world has been pushed in its favour.Bitcoin can now be utilized for regular El Salvadorian exchanges including purchasing labor and products, covering charges, and reimbursing obligations on account of its acknowledgment as legitimate money.

That's true about El Salvador's inflation. Based on this website's data --> https://tradingeconomics.com/el-salvador/inflation-cpi

The inflation rate of El Salvador for this month of April 2023 has fell down to 5.44% and as per that website and source: it says that it's for the 4 consecutive months of decrease and it's interesting while many of the rich countries have been gaining percentage of their inflation rates, El Salvador is dropping on it.

And with this rate going down on them signifies that the country's economy is doing fine and we can also say that the decision of Bukele of adopting Bitcoin as legal tender for sure has a contribution on this rating.

It won't take any longer until most of them will enjoy the usage of Bitcoin or will enjoy it as an asset as these figures for Bitcoin are already known by many.

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[Popkon6]

El Salvador is in a far superior situation than numerous other financially strong countries, which are encountering inflation.Germany (7.4%) and America (5%) are the two.Month after month, expansion rises.El Salvador's leader could accomplish much better for his country on the off chance that he settled on a choice this significant.After El Salvador's regulation was perceived as lawful by him, most of examination and discussion in the whole world has been pushed in its favour.Bitcoin can now be utilized for regular El Salvadorian exchanges including purchasing labor and products, covering charges, and reimbursing obligations on account of its acknowledgment as legitimate money.

That's true about El Salvador's inflation. Based on this website's data --> https://tradingeconomics.com/el-salvador/inflation-cpi

The inflation rate of El Salvador for this month of April 2023 has fell down to 5.44% and as per that website and source: it says that it's for the 4 consecutive months of decrease and it's interesting while many of the rich countries have been gaining percentage of their inflation rates, El Salvador is dropping on it.

And with this rate going down on them signifies that the country's economy is doing fine and we can also say that the decision of Bukele of adopting Bitcoin as legal tender for sure has a contribution on this rating.

It won't take any longer until most of them will enjoy the usage of Bitcoin or will enjoy it as an asset as these figures for Bitcoin are already known by many.

Not only that, the prices of many drinks and food in El Salvador have also dropped significantly. Inflation has also come down a bit more than last month only because of Bitcoin adoption. Meanwhile, this figure mentions that alcoholic beverages exist in Salvador, with prices falling and under control. This chart exists for the convenience of El Salvador consumers.

Compared to the past El Salvador led by Nayib Bukele led by the adoption of Bitcoin, their economy is currently doing very well.  Everything is under control in El Salvador.
Follow:  https://tradingeconomics.com/el-salvador/inflation-cpi

[romero121]

El Salvador is in a far superior situation than numerous other financially strong countries, which are encountering inflation.Germany (7.4%) and America (5%) are the two.Month after month, expansion rises.El Salvador's leader could accomplish much better for his country on the off chance that he settled on a choice this significant.After El Salvador's regulation was perceived as lawful by him, most of examination and discussion in the whole world has been pushed in its favour.Bitcoin can now be utilized for regular El Salvadorian exchanges including purchasing labor and products, covering charges, and reimbursing obligations on account of its acknowledgment as legitimate money.

That's true about El Salvador's inflation. Based on this website's data --> https://tradingeconomics.com/el-salvador/inflation-cpi

The inflation rate of El Salvador for this month of April 2023 has fell down to 5.44% and as per that website and source: it says that it's for the 4 consecutive months of decrease and it's interesting while many of the rich countries have been gaining percentage of their inflation rates, El Salvador is dropping on it.

And with this rate going down on them signifies that the country's economy is doing fine and we can also say that the decision of Bukele of adopting Bitcoin as legal tender for sure has a contribution on this rating.

It won't take any longer until most of them will enjoy the usage of Bitcoin or will enjoy it as an asset as these figures for Bitcoin are already known by many.

Not only that, the prices of many drinks and food in El Salvador have also dropped significantly. Inflation has also come down a bit more than last month only because of Bitcoin adoption. Meanwhile, this figure mentions that alcoholic beverages exist in Salvador, with prices falling and under control. This chart exists for the convenience of El Salvador consumers.

Compared to the past El Salvador led by Nayib Bukele led by the adoption of Bitcoin, their economy is currently doing very well.  Everything is under control in El Salvador.
Follow:  https://tradingeconomics.com/el-salvador/inflation-cpi

Quite often we can see people indicating El Salvador, they've got into bitcoin adoption without proper planning. When something is newly implemented, surely people will find it difficult. With time they'll get adopted to it. What we see with El Salvador right now is the real impact of bitcoin adoption. Slowly people are getting used to it and the proper education and awareness is provided. The adoption had attracted good number of people into El Salvador and the tourism have grown good. Nayib Bukele government have kept the crimes under control which is also a major reason for the growth within the country.

[Bitcoin Cryptic]

NEW: 🇸🇻 El Salvador
Booth spotted at #Bitcoin
Conference Miami 

https://twitter.com/BitcoinNewsCom/status/1659127999659143169?t=Lo-OU5VYUkbrfdTx_Tjz3Q&s=19

[LDL]

NEW: 🇸🇻 El Salvador
Booth spotted at #Bitcoin
Conference Miami  

https://twitter.com/BitcoinNewsCom/status/1659127999659143169?t=Lo-OU5VYUkbrfdTx_Tjz3Q&s=19

EI Salvador achievements/ slogans

• EI Salvador is a Bitcoin Country.
• A place where everyone wants to be free.
• We are leading the world.
• The land of economic liberty.
• The New land of the Freedom.

https://twitter.com/maxkeiser/status/1659223614892175363?s=19

[Bd officer]

The #BitcoinDiploma course is ending in Ataco, El Salvador & our students already know who is King: Bitcoin

Source

Diploma course in El Salvador is almost over. They are able to teach their students properly. Their students created a beautiful Bitcoin King picture art. El Salvador is an amazing country, teaching their country's students in Bitcoin. El Salvador's President Nayeb Bukel will be remembered forever. In the future El Salvador will succeed in Bitcoin. They are using Bitcoin in almost all cases. Bitcoin is being used for gas, cars and more. The country of El Salvador will be using Bitcoin in all fields in the future.

[Oneandpure]

Not only that, the prices of many drinks and food in El Salvador have also dropped significantly. Inflation has also come down a bit more than last month only because of Bitcoin adoption. Meanwhile, this figure mentions that alcoholic beverages exist in Salvador, with prices falling and under control. This chart exists for the convenience of El Salvador consumers.

Compared to the past El Salvador led by Nayib Bukele led by the adoption of Bitcoin, their economy is currently doing very well.  Everything is under control in El Salvador.
Follow:  https://tradingeconomics.com/el-salvador/inflation-cpi

I don't think inflation with El Savador happening because bitcoin drop but more than what happen with economic global, many countries seems face economic crisis right now and they are time recovering after Covid 19 cases and believing when economic global have been better El Savador will back from inflation despite what happen with Bitcoin on higher or lower price.

But looks excited with any drinks and food in El Savador have dropped significantly but I don't sure its has relation with Bitcoin drop, actually have least two months with bitcoin ever drop and right now move up little until $30k. Based on tradingeconomics news inflation in El Savador not only with food and drink but also many categories from transportation (1.5% vs 1.1%); housing and utilities (2.2% vs 2.5%); recreation & culture (3.1% vs 4.7%) and furnishings & household equipment (3.4% vs 3.8%). But if any people claimed the inflation because Bitcoin waiting later when Bitcoin back to higher price, will El Savador economic condition better or not?

https://tradingeconomics.com/el-salvador/inflation-cpi

[boyptc]

That's true about El Salvador's inflation. Based on this website's data --> https://tradingeconomics.com/el-salvador/inflation-cpi

The inflation rate of El Salvador for this month of April 2023 has fell down to 5.44% and as per that website and source: it says that it's for the 4 consecutive months of decrease and it's interesting while many of the rich countries have been gaining percentage of their inflation rates, El Salvador is dropping on it.

And with this rate going down on them signifies that the country's economy is doing fine and we can also say that the decision of Bukele of adopting Bitcoin as legal tender for sure has a contribution on this rating.

It won't take any longer until most of them will enjoy the usage of Bitcoin or will enjoy it as an asset as these figures for Bitcoin are already known by many.

Not only that, the prices of many drinks and food in El Salvador have also dropped significantly. Inflation has also come down a bit more than last month only because of Bitcoin adoption. Meanwhile, this figure mentions that alcoholic beverages exist in Salvador, with prices falling and under control. This chart exists for the convenience of El Salvador consumers.

Compared to the past El Salvador led by Nayib Bukele led by the adoption of Bitcoin, their economy is currently doing very well.  Everything is under control in El Salvador.
Follow:  https://tradingeconomics.com/el-salvador/inflation-cpi

That's good to hear.

If it's possible for these prices to go down on them then that also means that for other countries that have been experiencing high inflation, they can also beat that. They should look at how El Salvador has dealt with it and try to imitate the strategy they've made.

Because in most countries, even if the oil prices have dropped down, the prices of commodities haven't dropped yet and that's an important thing to look for a country's economy if it's doing good or not.

[sokani]

BREAKING NEWS: STRIKE MOVES ITS GLOBAL HEADQUARTER TO EL SALVADOR
El Salvador's decision to make Bitcoin a legal tender and its recent approval of digital assets law is yielding tangible results and attracting a lot of business opportunities. Strike, a lightning network launched 2 years ago in El Salvador to help convert the fractionless exchange of Bitcoin to fiats for the El Salvadorian people. Has announced through its founder and CEO Jack Mallers that it is moving it's global headquarter to El Salvador.

Source: https://fortune.com/crypto/2023/05/19/strike-expands-bitcoin-payments-to-65-countries-moves-global-headquarters-to-el-salvador/

[Out of mind]

In view of the homicide that occurred yesterday, of an agent of our @PNCSV, by gang members who are still in some sectors of our country, hiding, fleeing the Exception Regime...

 Starting this morning, we established a security fence around the municipality of Nueva Concepción, Chalatenango, with more than 5,000 elements from the @FUERZARMADASV and 500 from the @PNCSV, in search of those responsible for the homicide and the entire structure of gang members and collaborators who They are still hiding there.
They will pay dearly for the murder of our hero.
Source
https://twitter.com/nayibbukele/status/1658844243677310977?t=wQzRnHa3wYdWNFx4vHir-g&s=19

[Bitcoin_people]

The change that El Salvador's government has brought about in its country is truly astonishing. Where various scholars have seen this change, Nayib Bukele has famously said that history is written by deeds and not by words. This shows how far the government of El Salvador has led his country to progress which is currently the highest in the history of the world. The approval of the president in the world where 91% rating is approved for the popularity of Nayib Bukele. Nayib Bukele introduced his country to the world by introducing cryptocurrency in various products including Bitcoin transactions. And this American Middle Eastern country became even more popular when Bitcoin took over in El Salvador.

Photo collect Twitter

Nayib Bukele has taken several steps after approving the cryptocurrency and all of them have been successful. and in El Salvador, where most of the gangs and various criminals have been suppressed and the gangs jailed and the country pacified. And for various good works Nayib Bukele gets the most support from the people of their country. Bitcoin has made tax fees free especially for the convenience of people due to which it has gained more popularity all over the world.

[Inwestour]

El Salvador's President Nayeb Bukel will be remembered forever. In the future El Salvador will succeed in Bitcoin. They are using Bitcoin in almost all cases. Bitcoin is being used for gas, cars and more. The country of El Salvador will be using Bitcoin in all fields in the future.

It is important for El Salvador to maintain consistency in their commitment to bitcoin, then they will succeed. And while Bukele remains the president of this country, he will try to do everything for the adoption of bitcoin in all areas of activity. Let's see how the law on tax incentives for technology companies works now, how it will work in practice, how many companies it will attract. But Bukele does a lot for bitcoin, it should be appreciated.

[Aanuoluwatofunmi]

BREAKING NEWS: STRIKE MOVES ITS GLOBAL HEADQUARTER TO EL SALVADOR
El Salvador's decision to make Bitcoin a legal tender and its recent approval of digital assets law is yielding tangible results and attracting a lot of business opportunities. Strike, a lightning network launched 2 years ago in El Salvador to help convert the fractionless exchange of Bitcoin to fiats for the El Salvadorian people. Has announced through its founder and CEO Jack Mallers that it is moving it's global headquarter to El Salvador.

Source: https://fortune.com/crypto/2023/05/19/strike-expands-bitcoin-payments-to-65-countries-moves-global-headquarters-to-el-salvador/

On more about Strike Relocation of its Headquarters to El-Savador

It's another good edge on a remarkable success in El-Savador today as one of the Bitcoin payment system service provider "Strike" is set to relocate it headquarters to El-Savador which is known to be a bitcoin enabling environment unlike US where government regulations is an order of the day, Strike is happy in taking this decision and not to El-Savador alone, but it is also planning to establish it coast to additional 65 countries distributed across the world.

” Speaking to Fortune, Mallers revealed that the move to relocate its headquarters to El Salvador was a response to the growing anti-crypto regulatory sentiments in the U.S.

On one hand, regulations prevent Strike from offering its service in New York. On the other hand, El Salvador introduced crypto-inclusive regulations to attract technological innovations in the region. https://cointelegraph.com/news/strike-moves-global-headquarters-to-el-salvador-expands-to-65-countries/amp

El-Savador is already becoming the world Bitcoin most enabling environment where all activities concerning bitcoin can be operational within a considerable regulatory atmosphere to the benefits of bitcoin growth and development in the country, it also has the capacity to accommodate all forms of bitcoin service providers within it bitcoin confide zone in the city, not to talk more on the tourism and other bitcoin sight attractions in El-Savador.

[Who is John Galt?]

The Bitcoin City project in El Salvador is a large and visible project, but thanks to the legislative adoption of bitcoin in the country, private initiatives that seek to replicate the success of the famous Bitcoin Beach are also developing. Enthusiasts are now creating such a fully Bitcoin-oriented zone on la isla La Pirraya. To make this project successful, educational, environmental and other initiatives are being carried out.

[Bd officer]

🇸🇻 El Salvador Senior #Bitcoin Advisor Max Keiser: Fiat money currencies around the world are collapsing in real time.

"We’re at the end game of the 300 year experiment of central banks."

Source

[Faisal2202]

That's true about El Salvador's inflation. Based on this website's data --> https://tradingeconomics.com/el-salvador/inflation-cpi

The inflation rate of El Salvador for this month of April 2023 has fell down to 5.44% and as per that website and source: it says that it's for the 4 consecutive months of decrease and it's interesting while many of the rich countries have been gaining percentage of their inflation rates, El Salvador is dropping on it.

i did not know about the decline in inflation rate in El-Salvador because BTC is still in range between $25k to $33K and currently on $27k. As far as i know, They have declared BTC as legal tender in 9th June 2021. and at that time the price of BTC was $37,374.83, well, lets say according to these states El-Salvador has bought total of

2381 BTC by investing around $103,233,360 on it. And according to current market there investment is down to $64,089,234. Then how can there inflation decrease as the are already in loss on there national reserves. Well until the price of BTC again reaches to new highs, till then i can imagine if El-Salvador is going to decrement inflation rate in there region.

I also wonder that, according to following stats, El-Salvador has only 2,381 and USA base companies had total of 678,436 BTC  which worth more than El-Salvador's and still USA is facing Debt Ceiling, US dollar Inflation and Bank Crisis problems along with the hell lot of increase in their inflation rate. While here you are stating that, El-Salvador has decline there inflation rate. How?

[odolvlobo]

🇸🇻 El Salvador Senior #Bitcoin Advisor Max Keiser: Fiat money currencies around the world are collapsing in real time.
"We’re at the end game of the 300 year experiment of central banks."

Max Keiser is a buffoon. He might be very intelligent, but unfortunately that's not how he presents himself.

I would think twice about anything that he says.

[FinePoine0]

Strike expands Bitcoin payments to 65 countries, moves global headquarters to El Salvador 🇸🇻🇸🇻
https://twitter.com/romanmartinezc/status/1659701035856699394?t=jZsROM5lMC7nVoZDXulJfA&s=19


I came to know through this news that Bitcoin is a transaction app launched in 65 countries around the world. And especially one of its most important points is that the headquarters are taken in El Salvador. But I can say that El Salvador is currently going very far in terms of Bitcoin.

Learn more News: https://fortune.com/crypto/2023/05/19/strike-expands-bitcoin-payments-to-65-countries-moves-global-headquarters-to-el-salvador/

[LDL]

Strike expands Bitcoin payments to 65 countries, moves global headquarters to El Salvador 🇸🇻🇸🇻
https://twitter.com/romanmartinezc/status/1659701035856699394?t=jZsROM5lMC7nVoZDXulJfA&s=19


I came to know through this news that Bitcoin is a transaction app launched in 65 countries around the world. And especially one of its most important points is that the headquarters are taken in El Salvador. But I can say that El Salvador is currently going very far in terms of Bitcoin.

Learn more News: https://fortune.com/crypto/2023/05/19/strike-expands-bitcoin-payments-to-65-countries-moves-global-headquarters-to-el-salvador/

"Strike" CEO Jack Mallers wanted to launch "Strike" in 2021, right after El Salvador's President Nayib Bukele recognized Bitcoin and legalized Bitcoin as a medium of exchange in that country, and discussed the matter with the President via video conference.
But recently in view of the current situation in El Salvador it has been announced that "Strike" is going to launch its operations globally in 65 countries and its headquarters will be in El Salvador. However, "Strike" has already completed its activities in Salvador. Its activities continue not only in Salvador but also in Argentina and various Latin American countries.

[Rabata]

Strike expands Bitcoin payments to 65 countries, moves global headquarters to El Salvador 🇸🇻🇸🇻
https://twitter.com/romanmartinezc/status/1659701035856699394?t=jZsROM5lMC7nVoZDXulJfA&s=19


I came to know through this news that Bitcoin is a transaction app launched in 65 countries around the world. And especially one of its most important points is that the headquarters are taken in El Salvador. But I can say that El Salvador is currently going very far in terms of Bitcoin.

Learn more News: https://fortune.com/crypto/2023/05/19/strike-expands-bitcoin-payments-to-65-countries-moves-global-headquarters-to-el-salvador/

"Strike" CEO Jack Mallers wanted to launch "Strike" in 2021, right after El Salvador's President Nayib Bukele recognized Bitcoin and legalized Bitcoin as a medium of exchange in that country, and discussed the matter with the President via video conference.
But recently in view of the current situation in El Salvador it has been announced that "Strike" is going to launch its operations globally in 65 countries and its headquarters will be in El Salvador. However, "Strike" has already completed its activities in Salvador. Its activities continue not only in Salvador but also in Argentina and various Latin American countries.

A digital wallet named Strike built on Bitcoin's Lightning Network, has already gained massive popularity around the world.
The company's CEO Mallers Speaking from Bitcoin 2021 in Miami said Bitcoin is the greatest reserve asset of all time and a superior financial network. Bitcoin holdings provide a way to protect developing economies from the potential shocks of fiat currency inflation.
Details

Mallers was one of the early Lightning Network developers who wanted an environment where Bitcoin would run through the legal system and allow customers to easily transfer their money with low fees. El Salvador is his desired destination. From where he will expand his business to bigger countries of the world. About 70% of El Salvador's people do not have a bank account. 20 percent of the country's GDP comes from remittances, with a large portion of the money lost in their fees. With the accordance, he chose El Salvador. The CEO believes that this country is the most suitable for Bitcoin by given its legal validity.