The president of El Salvador, Nayib Bukele, announced this Saturday during a video conference on Bitcoin, that the country wants to become the first nation in the world to adopt cryptocurrency as a legal tender.

Bukele has detailed that he is working with the Strike company to build an infrastructure for the use of Bitcoin, and that the bill would be sent this week to the Legislative Assembly, reports the Salvadoran newspaper El Mundo.

In this sense, the founder and CEO of Strike, Jack Mallers, stressed that this announcement will be “a shot heard around the world.”

“What is transformative here is that Bitcoin is both the largest reserve asset ever created and a superior monetary network. Holding Bitcoin provides a way to protect developing economies from potential inflation shocks,” he added.

This bill has yet to be reviewed by the Legislative Assembly, although the Salvadoran president maintains a similar majority in this chamber.

Fuente: dpa

La entrada El Salvador could be the first country to adopt bitcoin as legal currency apareció primero en Bitfinance.

A car completely designed under the theme of bitcoin will participate in the famous Indy 500 race, also known as the Indianapolis 500 in its 105th edition.

On May 30, the pilot Ed Carpenter will compete in this event, with the full support and financing of the cryptocurrency thanks to the fundraising campaign led by Jack Mallers, developer of the Zap wallet.

According to the official statement, 30 % of the proceeds from the campaign will be used for equipment and everything necessary for the driver and his team.

“Ed will run for human freedom, financial literacy, financial inclusion, savings technology and open source development of Bitcoin,” it was announced. About 70 % of the proceeds will be used to support the “open source development of bitcoin”, indicated the businessman.

Also, once they have the amount stipulated to cover the financing of the vehicle, 30 % of that amount will be taken to donate to charitable foundations in Indianapolis, as well as the Riley Children’s Hospital in that city.

K. Tovar

Source: Jimmymow

La entrada Bitcoin will be a participant in the Indy 500 apareció primero en Bitfinance.