• Sun. Aug 14th, 2022

Bitcoin Foundation commemorates World Bitcoin Day in El Salvador

San Juan, Puerto Rico, October 5, 2021 / PRNewswire / – The Bitcoin Foundation (bitcoinfoundation.org) announced the commemoration of World Bitcoin Day, a global event born in El Salvador. At September 7, 2021, an event that changed the world happened when El Salvador enacted the Bitcoin Law, officiating Bitcoin as legal tender in the country alongside the USD.

A transition to an economy with a fully supported decentralized cryptocurrency will require a learning curve during initial adoption. This includes government-supported wallets and ATMs.

Brock Pierce, the chairman of the Bitcoin Foundation, says:

“It was a historic moment in which the global financial system is changing. Financial inclusion is possible for everyone.”

Brock Pierce is a pioneer of digital currencies, raising more than $ 5 billion for its tech companies. Its initiatives in El Salvador focus on raising awareness of the country and attracting foreign direct investment. He has led a group of innovators and entrepreneurs to usher in a new wave of technology platforms that will help uplift the country.

Pierce adds: “Almost two-thirds of the population of El Salvador do not have access to basic banking and financial tools. The adoption of Bitcoin and the transition to digital currency will drastically improve this. Change is never easy, but necessary. “

In honor of this historic day, the Bitcoin Foundation hosted an event with blockchain experts, influencers, and local community leaders. The event featured a drone light show experience, where 150 drones flew over the ocean near the cliffside hotels of La Libertad to tell the story of Bitcoin in El Salvador.

Alongside the Bitcoin Foundation, the United Council of Rising Nations has come together to visit and support the community through meetings and education. The council is represented by diplomats and leaders from around the world, who strive to help governments adopt innovation-friendly policies that boost their economies.

“Large-scale Bitcoin adoption is going to require education, which is what we are here to support.”

Pink Crystal Piercing, President Unicorn.org

The Bitcoin Foundation would like to congratulate President Bukele and the entire legislative team for enacting the Bitcoin Law as a catalyst for financial inclusion in El Salvador.

It was a day of independence from the government’s fiat currency, a day of freedom and liberty.

ABOUT THE BITCOIN FOUNDATION:

The Bitcoin Foundation, founded in 2011, is the oldest and largest Bitcoin advocacy organization, raising awareness of the benefits, uses, and technological requirements of Bitcoin.

Media contact:
S. Osmena
323-365-8000
[email protected]

SOURCE The Bitcoin Foundation

Related links

http://bitcoinfoundation.org


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