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

[2Pizza410000BTC]

"Latinobarometer 2023" has implemented a survey project to express people's opinions on the popularity of the presidents of various Latin American countries, public trust, establishment of good governance, ensuring public security, evaluation of public values, ability to control crime, evaluation of the overall situation of the country, etc. in which El Salvador's President Nayib Bukele is at the peak of popularity. for himOpinion polls show that 90% of opinion polls are in favor of him and 7% of opinion polls are against him. He is trusted by the public for his many contributions to various welfare works, especially establishing good governance, digitizing Salvador, establishing Bitcoin City, Mega Crime/Gang control, reducing criminal activities.

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[LDL]

Known as the world's number one Bitcoin City, El Salvador has already achieved incredible success in launching educational programming on Bitcoin. Their educational program was launched with the world's leading Bitcoin experts and specialists on Bitcoin Lightning and Blockchain. 21 out of 34 students completed programming under the CUBO+ educational program with dozens of Bitcoin elites and experts.
The most important contributors behind the success of this program were El Salvador President Nayib Bukele, Presidential Adviser Bitcoin Volunteer Stacy Herbert, World Experts Jimmy Song, Lisa Neigut had an important role.
21 brilliant students and developers from the CUBO+ program who have completed the course are being offered employment. They are already getting job offers from some of the biggest companies in the world, Strikes, Bitfinex, hardware wallet maker K1, bitcoin wallet provider Blink, and payment processor company Tiankki.
However, Plan-B educational programming will be launched next October with Salvadoran youths. Experts opine that this programming has an incredible opportunity for Salvadoran youth.

Information taken : https://www.forbes.com/sites/digital-assets/2023/07/26/how-el-salvador-is-investing-in-bitcoin-education/?sh=774f2d344854

[delfastTions]

The opportunities of El Salvador drew the attention of the international corporation StartupBootcamp (SBC) - a large global firm that focuses on supporting and stimulating various technology start-ups around the world by accelerating their growth.
 Specifically, StartupBootcamp is looking to invest up to $3.5 million to develop Salvadoran startups that will be able to apply for participation in a general competition the firm will launch shortly that will select 30 such startups.
International firm will invest $3.5 million in Salvadoran startups
Overall, StartupBootcamp's director of global investment notes that one of the things that have caught the firm's attention is the various pieces of legislation that have been passed in the country over the past two years.  Including the passage of the Bitcoin Law in 2021 and the passage of the Assets Law.  Incentive program for digital technologies and technology companies approved this year.
  To apply for the support that the firm will provide, startups must dedicate themselves to development in certain areas such as web 3.0 based on blockchain technology, financial technology (Fintech), energy, travel and tourism, agritech and foodtech, or proptech (market-oriented technologies).  real estate sector).
 To date, according to StartupBootcamp on its website, the firm has helped accelerate the growth of 1,494 startups worldwide, by providing up to €1.5 million in funding and creating up to 6,679 jobs in these tech companies.
 According to the director, the firm he represents is putting some of the money into funding the startup accelerator program, but notes that there are third-party investors who also support, among which there are important international banking institutions and large multinational companies such as Vodafone, Microsoft, Google or Airbus Group.
 According to the director of global investment, the program in the country could start later this year, after completing the last three months and the selection process of the technology companies they apply.

[2Pizza410000BTC]

Considering EL Salvador as an idol, three countries in the world have already accepted Bitcoin as tax free. Their GDP has already increased several times compared to other years.



Switzerland's GDP is $800B
Portugal's GDP is $63B
Panama's GDP is $257B

Source: https://twitter.com/satoshimoneybtc/status/1685020567471357952?t=EzEvEzrmhpXnZzwM6CBJ-g&s=19

[wmaurik]

Just returned from an epic trip down to Bitcoin Beach in El Salvador! Thank you so much to @nayibbukele
 and the magnificent people of El Salvador. Also a big thank you to
@MyfirstBitcoin_ who is leading the way with much needed Bitcoin education 🧡 #Bitcoin

Now @nayibbukele will not only continue to preserve nature and Bitcoin in El Salvador, but he will also continue to work to eradicate gangs that are very disturbing in El Salvador. Because when a country is filled with gangs that cause riots, of course nature or tourism lovers will not dare to enter the country to enjoy the natural beauty that is there, as well as the closest investors who might want to invite cooperation with El Salvador.

This means that any disturbances that prevent the country of El Salvador from developing will always be handled by @nayibbukele as reported by aljazeera.com in the past five days where there are 900 suspects who will be tried under the new law. https://www.aljazeera.com/news/2023/7/26/el-salvadors-congress-votes-to-allow-mass-trials-in-gang-crackdown

[Wiwo]

Just returned from an epic trip down to Bitcoin Beach in El Salvador! Thank you so much to @nayibbukele
 and the magnificent people of El Salvador. Also a big thank you to
@MyfirstBitcoin_ who is leading the way with much-needed Bitcoin education 🧡 #Bitcoin



Source link.

El Salvador has indeed become the centre of epic tourist attraction and the dream tourist location for most travellers who are looking for a destination to freely spend their Bitcoin and have some fun at the same time, since El Salvador's Bitcoin adoption in 2021, it has become a foundation for wider awareness of the most lucrative revenue generating sector in El Salvador which is tourism business and with eh flexibility of Bitcoin as payment which makes financial transactions to be seamlessly fast without haven't to go through the rigorous process of the traditional financial system.

So with that, El Salvador has become the top choice for tourists, and if the Bitcoin City and the volcano power project become 100% completed, that will also open up more opportunities to both El Salvadorians and visitors who will be choosing that location for their visits.

[Lucius]

Considering EL Salvador as an idol, three countries in the world have already accepted Bitcoin as tax free. Their GDP has already increased several times compared to other years.



Switzerland's GDP is $800B
Portugal's GDP is $63B
Panama's GDP is $257B

Source: https://twitter.com/satoshimoneybtc/status/1685020567471357952?t=EzEvEzrmhpXnZzwM6CBJ-g&s=19

When copying the data, you must be careful not to mix up the numbers, because at first glance I noticed that Portugal's GDP is not correct, simply too little for a country in the west of the EU.

Furthermore, if we look at the data from previous years, we can see that the Swiss GDP has changed only a little less compared to 2021, while the Portuguese one is quite uniform except for 2020, which was a pandemic year. Panama has some $10 billion more than before the pandemic, but can this be attributed to the fact that trading with BTC is not taxed in those countries?

https://tradingeconomics.com/switzerland/gdp
https://tradingeconomics.com/portugal/gdp
https://tradingeconomics.com/panama/gdp

[Fiatless]

Now @nayibbukele will not only continue to preserve nature and Bitcoin in El Salvador, but he will also continue to work to eradicate gangs that are very disturbing in El Salvador. Because when a country is filled with gangs that cause riots, of course nature or tourism lovers will not dare to enter the country to enjoy the natural beauty that is there, as well as the closest investors who might want to invite cooperation with El Salvador.

This means that any disturbances that prevent the country of El Salvador from developing will always be handled by @nayibbukele as reported by aljazeera.com in the past five days where there are 900 suspects who will be tried under the new law. https://www.aljazeera.com/news/2023/7/26/el-salvadors-congress-votes-to-allow-mass-trials-in-gang-crackdown

The fight against gangs has really yielded a lot of results because El Salvador has experienced fewer gang crimes in recent times. But it has also come with a price. Many people have also been illegally imprisoned and it has also led to overcrowding of the prisons. Mass trials of suspects is not also the best form of legal procedure because each of these suspects should be tried differently for them to get a fair hearing. Nevertheless, Bukele's anti-gang policy has yielded some results which will make tourists feel more secure to visit El Salvador.

El Salvador has indeed become the centre of epic tourist attraction and the dream tourist location for most travellers who are looking for a destination to freely spend their Bitcoin and have some fun at the same time, since El Salvador's Bitcoin adoption in 2021, it has become a foundation for wider awareness of the most lucrative revenue generating sector in El Salvador which is tourism business and with eh flexibility of Bitcoin as payment which makes financial transactions to be seamlessly fast without haven't to go through the rigorous process of the traditional financial system.

So with that, El Salvador has become the top choice for tourists, and if the Bitcoin City and the volcano power project become 100% completed, that will also open up more opportunities to both El Salvadorians and visitors who will be choosing that location for their visits.

If El Salvador maintains the momentum of the enforcement of the bitcoin-project masterplan, it will make the nation the number one destination of Bitcoin enthusiasts. The tourism sector has been the mainstay economy of many countries of the world, so it will be an alternative source of income for the country. The bitcoin volcano project will also promote tourism and also create infrastructures, and employment, and promote revenues.

[Altryist]

El Salvador has indeed become the centre of epic tourist attraction and the dream tourist location for most travellers who are looking for a destination to freely spend their Bitcoin and have some fun at the same time, since El Salvador's Bitcoin adoption in 2021, it has become a foundation for wider awareness of the most lucrative revenue generating sector in El Salvador which is tourism business and with eh flexibility of Bitcoin as payment which makes financial transactions to be seamlessly fast without haven't to go through the rigorous process of the traditional financial system.

So with that, El Salvador has become the top choice for tourists, and if the Bitcoin City and the volcano power project become 100% completed, that will also open up more opportunities to both El Salvadorians and visitors who will be choosing that location for their visits.

I read today that El Salvador has now become the safest country in Latin America, and these are impressive results in such a short time. In 2024, El Salvador will host Miss Universe and also El Salvador has beautiful beaches where the World Champions of Surfing took place, all this will contribute to the visit of tourists to the country. The pace of development in El Salvador is really impressive.

[wavessurfing]

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 El Salvador is the first to issue bitcoins..............................................

What ?

[delfastTions]

Accelerate, a Salvadoran law firm promoting the bitcoin ecosystem 
  Accelerate offers legal services for starting a technology business, and also advises entrepreneurs who wish to obtain a residence permit in the country.  With the advent of new regulations governing the use of new technologies in El Salvador, there is a need for firms that will provide specialized advice to companies and entrepreneurs seeking to operate within this legal framework.
  In this context, Alejandro Muñoz, a Salvadoran lawyer and notary with a background in technology and leading teams of experts in the field, decided to found Accelerate, a company that provides comprehensive support to crypto and software investors who come to El Salvador motivated by the opportunities offered  country.
  “We saw the need to create a private investment advisory office and to accompany such an investor who comes to El Salvador and we help him at all stages to register his company, obtain a residence permit and apply for  in accordance with the Technological Innovation Law,” he added.
    Since June of this year, Accelerate has been offering legal services for starting a business, as well as advising entrepreneurs who wish to obtain a residence permit.  It also supports the process of obtaining licenses for bitcoins and digital assets.
  Munoz said they have received many inquiries from residents and companies that hope to operate in the area.  They currently work with major crypto companies such as digital asset providers, bitcoin exchanges, payment gateways and wallets.
  “We have had over 100 residence permit applications and support 30 people who have already made the decision to live here.  We also work with leading global companies.  There are 12 new companies, some of which were already in the country and came to work with us because of their specialization, so there are already 20,” he said.

  On the other hand, he mentioned that his team is made up of experts in every service they offer and specializes in technology projects. 
They can be contacted through the www.acceleratesv.io website or via social media.
Accelerate can help you move to Bitcoin Country 👇 https://t.co/73GqBf2ftI
🇸🇻

[Lucius]

I read today that El Salvador has now become the safest country in Latin America, and these are impressive results in such a short time.
~snip~

It's true that things are much better in terms of security than they were a few years ago, but when you lock up over 70 000 people in prisons (which is 2% of the adult population) then you definitely increase the security on the streets. However, what Bukele is doing has its other side, because when you implement repressive measures, the innocent often suffer, and that means that innocent people are also convicted, which again calls into question the state of human rights in that country.

Therefore, I would not agree that El Salvador has become the safest country in Latin America, but if they continue to implement such measures, perhaps they will deserve that title in the future.

[delfastTions]

American company Making Coffee purchasod 30,000 pounds of coffee for the first time from small domestic producers in El Salvador for distribution abroad.
 And is going to bring the level of purchases to a million pounds in the coming months.
 With such purchases, a QR code will be placed on the packages, by which buyers around the world will be able to find out who exactly produced this coffee in El Salvador and order more coffee that the buyer liked.  But that's not all.  With this code, the buyer will be able to tip a specific farmer in bitcoin to the Chivo wallet that the farmer will have.  For example, I have no doubt that the quality of such coffee will be good.
 Also, by order of the country's government, the Civo Wallet team conducted appropriate training for coffee producers.
 The goal of the initiative is for investors around the world to love Salvadoran coffee, open franchises under its brand, and engage the bitcoin ecosystem, from buying cryptocurrency from producers to tipping with digital wallets and spreading an innovative payment method.
 “President Bukele’s decision to embrace bitcoin has opened up many opportunities, beyond the fact that investors feel legal and financial security through us as a country,” said Deputy Minister of Agriculture and Livestock Oscar Dominguez of the initiative.

source

[RewFrew]

Although this news is had been old but i again congratulations El Salvador for Accepting bitcoin as a legal currency. El Salvador is a first country who understand cryptocurrency is best for national currency. From some years ago us government legalize bitcoin and many company accepting bitcoin as payment system. Many xoffe house and others companies accepting Bitcoin. But recently from few years El Salvador Received Bitcoin as national currency. I think when bull session start and cryptocurrency market will stable and bitcoin price will up then El Salvador will be hige benefited. So i think El Salvador get high risk but when bull market Start El Salvador will be huge profited and economic crisis will reduce for El Salvador. And i think when bitcoin price will touch $100k El Salvador will get big profit and this country will be economically established there has no doubt.

[Wiwo]

............................................................................... ..

 El Salvador is the first to issue bitcoins..............................................

What ?

Yeah  that also caught my attention to see where the member mentioned El Salvador being the first country to Issue Bitcoin as if Bitcoin is like the paper money that governments or central banks can easily print and issue to their citizens and @Popkon6 seems to have misunderstood Bitcoin and placed Bitcoin in the paper traditional currency system which is not true and the only way that El Salvador could get or generate Bitcoin is via Bitcoin mining and even at that you can't call is as El Salvador issuance Bitcoin because there are just partaking mining bitcoin by competing with other miners.

El Salvador will be able to mind Bitcoin only when the Bitcoin city and the volcano power plants are fully developed and operational because according to El Salvador Bitcoin policy the Bitcoin city will be powered by the volcano power and in the city will be El Salvador Bitcoin mining farm,  but for now there have not been much from that development as it basically a capital projects that could take time to completions.

[wavessurfing]

............................................................................... ..

 El Salvador is the first to issue bitcoins..............................................

What ?

Yeah  that also caught my attention to see where the member mentioned El Salvador being the first country to Issue Bitcoin as if Bitcoin is like the paper money that governments or central banks can easily print and issue to their citizens and @Popkon6 seems to have misunderstood Bitcoin and placed Bitcoin in the paper traditional currency system which is not true and the only way that El Salvador could get or generate Bitcoin is via Bitcoin mining and even at that you can't call is as El Salvador issuance Bitcoin because there are just partaking mining bitcoin by competing with other miners.

............................

yes for sure..

[Sebas.tian]

Known as the world's number one Bitcoin City, El Salvador has already achieved incredible success in launching educational programming on Bitcoin. Their educational program was launched with the world's leading Bitcoin experts and specialists on Bitcoin Lightning and Blockchain. 21 out of 34 students completed programming under the CUBO+ educational program with dozens of Bitcoin elites and experts.
The most important contributors behind the success of this program were El Salvador President Nayib Bukele, Presidential Adviser Bitcoin Volunteer Stacy Herbert, World Experts Jimmy Song, Lisa Neigut had an important role.
21 brilliant students and developers from the CUBO+ program who have completed the course are being offered employment. They are already getting job offers from some of the biggest companies in the world, Strikes, Bitfinex, hardware wallet maker K1, bitcoin wallet provider Blink, and payment processor company Tiankki.
However, Plan-B educational programming will be launched next October with Salvadoran youths. Experts opine that this programming has an incredible opportunity for Salvadoran youth.

Information taken : https://www.forbes.com/sites/digital-assets/2023/07/26/how-el-salvador-is-investing-in-bitcoin-education/?sh=774f2d344854

A big congratulations to those 21 students that graduated successful from the CUBO educational program, I know they went through a lot of difficulty things to ensure they got what they want from the program. I think, El Salvador president has done a great job to make this institution a good environment for their youths to learn what will improve them financially and materially in the future. El Salvador youths will definitely participate on this October educational program that will be launch next two month, because it will create more opportunities for those who have been looking for opportunity in the country to use the period to be part of those that will celebrate like those 21 students that got a good jobs from the big companies.

[FinePoine0]

Making Coffee is excited to announce our partnership with the Ministry of Agriculture & Livestock of El Salvador @AgriculturaSV

Using ฿itcoin $BTC & the blockchain we will bring transparency & equity to the coffee industry, creating a global community: Making Coffee, Together



Details

[Doan9269]

Day by day we are seing something new to talk about in El-Savador ever since bitcoin adoption, industries are signing up with their partnership, sponsorship, more establishment are coming to El-Savador, bitcoin education is free, miners are running there for their safety, the world is proud of the first country to make bitcoin a legal tender and some countries already hold their bitcoin conference in El-Savador inviting world leaders, leadeing business and enterprise, reputable organizations and many other economy analyst and professionals, it's definitely going well with El-Savador and there are many more recent success we can always talked about when it comes to the success in their bitcoin adoption.

[_act_]

Binance has been given bitcoin and crypto license in El Salvador

https://www.binance.com/en/blog/ecosystem/binance-becomes-first-fully-licensed-crypto-exchange-in-el-salvador-348306456147004721

We hope to see more exchanges in El Salvador.

If I am in this kind of country, I will like to go for decentralized exchanges for privacy, but nobody can be 100% private. Only the part that is required to be kept private are private. I like that El Salvadorans can easily more access cryptocurrencies, especially bitcoin.

Only bitcoin remain the legal tender in El Salvador and that is not likely going to change. Either altcoins are securities or having no utility. Most altcoins are centralized. Bitcoin is the most decentralized coin with great utility.

I think Binance has no two things in mind than to look for more ways to earn more money.

I do not think it is a great news though because without Binance, bitcoin has been established in El Salvador.