El Salvador Authorities Extend Bitcoin Adoption to Other countries

[DiMarxist]

It is no longer a news that El Salvador president adopted bitcoin in the month of September 2021. And for them to progress in economics they have to extend bitcoin adoption to their embassies in other countries. Which means bitcoin will be officially used in the embassies across the world. The first country that the bitcoin embassy is built is Switzerland. A legislature of El Salvador made the pronouncement.

“My fellow Salvadorans and I are very excited by the promise of Bitcoin, and I look forward to seeing how this initiative will help increase access to economic security and economic freedom for all,” said Mayorga.

El Salvador Opens a Bitcoin Embassy in Switzerland

El Salvador will be a Great Nation

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[348Judah]

When it comes to El-Savador, i believe they have veen engaging on ecery possible means to make bitcoin adoption a common thing that could be easily acquired by everyone, their target first was within the country whereby they ensure every single citizens have the opportunity to benefit from it, going further, maby countries around the world have find it an interesting act in taking a tourist visit to El-Savador to learn and acquire more about bitcoin and if they also decided in extending this goodnees to other countries is of a great advantages to them and the world at large, but the wrong i see about this thread is that it could have been under the El-Savador's bitcoin adoption thread here https://bitcointalk.org/index.php?topic=5342087.0 instead of creating a new one.

[fiulpro]

It's not just the Bitcoin adoption in El- Salvador but it's also some other countries accepting Bitcoins on their own , I recently went to Budapest, Hungary and there was an amazing Bitcoin cafe!! They were just accepting Bitcoins and ETH, even though I had to transfer and had to pay like 10$ instantly for p2p fee , I decided to support their small business and it was amazing. Slowly the countries are adopting Bitcoins and that's the reality and in the upcoming years wed can expect so many amazing things !! Thus it's important to promote Bitcoins since it's the only way we would be able to get out of the capitalism. It would be wiser to start with small businesses and ask them if they would accept the Bitcoins ! And teach new generation all about it.

Yes sometimes users create extra threads but I do understand it's not just copying most of the time understandably some of them gets lost in the array of new threads thus no harm as long as it's a positive news.

[DiMarxist]

When it comes to El-Savador, i believe they have veen engaging on ecery possible means to make bitcoin adoption a common thing that could be easily acquired by everyone, their target first was within the country whereby they ensure every single citizens have the opportunity to benefit from it, going further, maby countries around the world have find it an interesting act in taking a tourist visit to El-Savador to learn and acquire more about bitcoin and if they also decided in extending this goodnees to other countries is of a great advantages to them and the world at large, but the wrong i see about this thread is that it could have been under the El-Savador's bitcoin adoption thread here https://bitcointalk.org/index.php?topic=5342087.0 instead of creating a new one.

Thanks you very much for pointing it out but I made a very serious vigorous research before I created the thread. There are many threads on the subject matter but you made mentioned of only one. Such as:
1. https://bitcointalk.org/index.php?topic=5372455.0
2. https://bitcointalk.org/index.php?topic=5342087.0
3. https://bitcointalk.org/index.php?topic=5377037.0
Rethink again which of them is suitable for the Op subject? Normally, I don't like to create threads.

[hd49728]

Switzerland and European nations are already friendly with Bitcoin so El Salvador don't change anything in Switzerland with this action.

It is only kind of noise on media that is good generally and for Bitcoin adoption too but I disagree if saying like El Salvador and their Embassy in Switzerland are changing a whole Bitcoin adoption there.

It's not just the Bitcoin adoption in El- Salvador but it's also some other countries accepting Bitcoins on their own , I recently went to Budapest, Hungary and there was an amazing Bitcoin cafe!!

Blockchain is future of human civilization and Bitcoin is a king in blockchain industry so it is normal to see it almost everywhere.

Did that Bitcoin cafe accept their payments in both Bitcoin mainnet and Bitcoin Lightning Network?

[KennyR]

El Salvador have got big plan and they've taken courageous decision with the adoption of bitcoin as legal tender. Many countries fear of the decision and criticised El Salvador. They were strong on their stand, amidst all criticism and opposition it keeps adding more things relative to bitcoin. Already most of the Western nations were not against cryptocurrency, and most have announced their legal stand on bitcoin usage. Now El Salvador extending the service will make more countries announce the legality on the usage of bitcoin.

[DdmrDdmr]

<…>

Actually, the now three month old article referenced in the OP is rather succinct in details, but also seemingly prone to exaggeration. As far as I recall, they are not opening Salvadorian bitcoin embassies (an embassy has tons of legal implications), but rather more, it seems like an informal name that has been tossed around to denote a sort of chamber of commerce to attend to business pivoting around bitcoin. The Spanish version of the same article does include quotes around the concept of a "Bitcoin Embassy", which brings the tone down a notch.

[Ojima-ojo]

<…>

Actually, the now three month old article referenced in the OP is rather succinct in details, but also seemingly prone to exaggeration. As far as I recall, they are not opening Salvadorian bitcoin embassies (an embassy has tons of legal implications), but rather more, it seems like an informal name that has been tossed around to denote a sort of chamber of commerce to attend to business pivoting around bitcoin. The Spanish version of the same article does include quotes around the concept of a "Bitcoin Embassy", which brings the tone down a notch.

I was about to point that out for ops, but the article and the news was over-exaggerated and making look as if El Salvador does not have or establish embassies in another country before their bitcoin adoption.

The title of the thread is what got my attention, and reading through the link makes me silly as this is more of an article than it is a news or government policy.

The Embassy establishment is a fundamental right and duty of countries to strengthen their International relation and aid faster communication between countries, so El Salvador may decide to accept Bitcoin as payment in the embassy for services such as visa payment, international ID processing and lot of other payments that are generated through their Embassy in any country.

[AverageGlabella]

It is nice to see that EL Salvador are still encouraging and using btc despite btc going through a rough time in the last year. I hope that this will encourage others to follow suit and adopt Bitcoin. I know many years ago companies adopted btc and then removed it when the price fell. I think wikipedia was one of the organizations to adopt btc then drop it when the price dropped. A big country like EL salvador doing this can only help the growth of btc and shows that you can weather the price drops.

[seoincorporation]

It is nice to see that EL Salvador are still encouraging and using btc despite btc going through a rough time in the last year...

Good point, we must remember how they buy when bitcoin price was high, and they are losing money with bitcoin at this point, but they believe in the technology. And that's why they keep investing in it and trying to make it a global currency.

Maybe they was too earlier for the dream, but it must become a reality one day, bitcoin will be recognized as a currency around the globe at some point in history.

[The Cryptovator]

I'm not sure how they will implement Bitcoin through an embassy where it is not actually allowed. Although Bitcoin is prohibited in my country, I'm not sure whether there is an embassy for El Salvador here. Therefore, even though there is an embassy, we cannot use it. Even citizens of El Salvador who choose to stay in my nation must abide by the rules. Therefore, I don't think it's useful in jurisdictions where using Bitcoin is prohibited.

[avikz]

I'm not sure how they will implement Bitcoin through an embassy where it is not actually allowed. Although Bitcoin is prohibited in my country, I'm not sure whether there is an embassy for El Salvador here. Therefore, even though there is an embassy, we cannot use it. Even citizens of El Salvador who choose to stay in my nation must abide by the rules. Therefore, I don't think it's useful in jurisdictions where using Bitcoin is prohibited.

They can't really implement bitcoin through embassy. The only thing they can do is to extend the embassy related services against bitcoin payments. Probably that's the thing they are targeting. As bitcoin is their official currency, their embassy has full right to use it as an official currency in all embassy locations.

As of now, El-Salvador holds embassy in 33 countries only! Also they are not much actively visited by the travellers. So I am not sure how helpful it will be for El-Salvador. But every Chang needs a humble beginning. So that must be it.

[Die_empty]

I'm not sure how they will implement Bitcoin through an embassy where it is not actually allowed. Although Bitcoin is prohibited in my country, I'm not sure whether there is an embassy for El Salvador here. Therefore, even though there is an embassy, we cannot use it. Even citizens of El Salvador who choose to stay in my nation must abide by the rules. Therefore, I don't think it's useful in jurisdictions where using Bitcoin is prohibited.

Your points are very valid sir. This move will only be effective in countries that are friendly to bitcoin because every embassy must abide by the laws of its host country. Maybe people that want to apply for an El Salvador visa have the option of paying with bitcoin, which might also be a plus to bitcoin no matter how small. This step might also contribute positively to bitcoin awareness in some countries that have an El Salvadoran embassy. El Salvador deserves all the accolades for becoming a pacesetter in the path of making nations adopt bitcoin as legal tender.

[dothebeats]

I'm wondering how would they even use bitcoins in embassies. Is it through payments on documents or what? Would there be shops inside the embassy to begin with?  But yeah, good choice on picking the first country to do this. They know that Switzerland is the center of finance, and where most financial innovations start. The Swiss government wouldn't really mind about bitcoin in El Salvadorian embassies so long as they do not go over the said territory.

[electronicash]

looks like Nayib is in full throttle already to adopt BTC not just in El Salvador, he is bringing this adoption outside his country. it is easy to do it in thier country i guess because of the unbank but in countries like Switzerland, it may not work.

i think it's worth doing it next in US since BTC will be beneficial for those El Salvadorans sending home remittances. but what he is doing as of now is treading lightly. IMF is still not happy.

[Scripture]

This could help encourage their people to use more Bitcoin as an option, I’m just also wondering if other government will allow this to happen and how they will record it and report to the authority.

Anyway, El Salvador knows what they are doing and with this, they might help reach more people and encourage them to adopt as well. Whatever their purpose to use Bitcoin is, its good to have them as a legal option, they have to continue to innovate though.

[Zanab247]

This is a welcome development people what to see around the world which El Salvador government has started it, and many other countries are preparing to be part of the movement too. Since El Salvador is the first country that adopted BTC in the whole world and they have seen how important BTC are to the world economy which with time it will be fully legalized
like the way it's legalized in El Salvador and other countries.

[AverageGlabella]

It is nice to see that EL Salvador are still encouraging and using btc despite btc going through a rough time in the last year...

Good point, we must remember how they buy when bitcoin price was high, and they are losing money with bitcoin at this point, but they believe in the technology. And that's why they keep investing in it and trying to make it a global currency.

Maybe they was too earlier for the dream, but it must become a reality one day, bitcoin will be recognized as a currency around the globe at some point in history.

Which is a great thing for us. If Btc makes a full recovery and El Salvador profits from investing in btc then people will start taking btc more seriously. atm I always hear people bringing the companies that dropped btc instead of the ones that have stuck with it that is because there are not a lot that stuck with us. El Salvador has and they are on a bigger scale then any of the companies that have dropped btc support.

[famososMuertos]

I'm not sure how they will implement Bitcoin through an embassy where it is not actually allowed. Although Bitcoin is prohibited in my country, I'm not sure whether there is an embassy for El Salvador here. Therefore, even though there is an embassy, we cannot use it. Even citizens of El Salvador who choose to stay in my nation must abide by the rules. Therefore, I don't think it's useful in jurisdictions where using Bitcoin is prohibited.

That is right, the rules to follow are for that, but! An embassy is a country within another. (I guess you know, but it's part of the link to my idea,) so, it is an independent territory.

On the other hand, if there is no embassy in your country, it is most likely that your neighboring country has one.

Now, the point is that if your country does not accept bitcoin, it is fine, but it is the official currency in El Salvador, so "I am speculating" certain administrative procedures could be paid in bitcoin.

[AverageGlabella]

Now, the point is that if your country does not accept bitcoin, it is fine, but it is the official currency in El Salvador, so "I am speculating" certain administrative procedures could be paid in bitcoin.

The embassies are not independent they follow the rules of the host country and the country of their origin but they can get paid in the currency of the country that the embassy is from regardless of the rules of the host country. But I think a country that has banned btc probably will not have a embassy of El Salvador because of btc and that would go against their own laws of their country.