El Salvador to host 44 countries to discuss Bitcoin
The country also bought the most recent dip, buying about 500 bitcoins
By Shashank Bhardwaj
Image: Shutterstock
Eight months after El Salvador became the first country to make bitcoin an official currency, its president has invited 44 other countries to discuss bitcoin's "rollout and benefits". The meeting will take place in Guatemala on Monday, May 17, where officials from Africa, Asia, and Latin America will discuss financial inclusion and the digital economy.
President Nayib Bukele took to Twitter to announce the conference. “Tomorrow, 32 central banks and 12 financial authorities (44 countries) will meet in El Salvador to discuss financial inclusion, digital economy, banking the unbanked, the #Bitcoin rollout and its benefits in our country”, reads his tweet.
As a result, many Salvadorans rely on remittances from relatives abroad to supplement their income. However, since it became the first government to make the cryptocurrency legal tender in 2021, El Salvador has been at the forefront of Bitcoin use. Not only that, but the country's president has been buying the dip at every opportunity in order to boost the country's Bitcoin holdings.

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