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Topic: El Salvador Authorities Extend Bitcoin Adoption to Other countries (Read 225 times)

legendary
Activity: 1232
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Well, an embassy usually have some kind of diplomatic immunity to grant them legal immunity from the jurisdiction of another country's laws. So certain packages cannot be searched and some actions are excluded from the host countries laws and regulations.

Now, I wonder if this is extended to the "currency" being used in those countries where Bitcoin is banned. How would an embassy benefit from using Bitcoin, in a country where it is banned? (They cannot use it as legal tender... so what can they do with it?)  Roll Eyes
But this is done in advance to accepting the embassy. The host country has every right to reject the embassy from establishing their own rules they still need to be accepted by the host country. That is why some embassies in the past have been forced out of the country because the new government does not agree with their own rules. This happens every couple of years so it is not like it has not happened before.
hero member
Activity: 1540
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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.
Quote
“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

The first days after El Salvador started accepting bitcoin there was much news about accepting bitcoin in this country and obviously there you could find many people who were unhappy about it and many other people they had not have enough knowledge about bitcoin payments in their lives but time after time this adoption will make thing normal in there and you can see positive effects in the future, they started doing this as a first country so the way is wide open for all other countries to accept and embrace bitcoin payments in their countries.
legendary
Activity: 3388
Merit: 1943
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Well, an embassy usually have some kind of diplomatic immunity to grant them legal immunity from the jurisdiction of another country's laws. So certain packages cannot be searched and some actions are excluded from the host countries laws and regulations.

Now, I wonder if this is extended to the "currency" being used in those countries where Bitcoin is banned. How would an embassy benefit from using Bitcoin, in a country where it is banned? (They cannot use it as legal tender... so what can they do with it?)  Roll Eyes
hero member
Activity: 1120
Merit: 741
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One of the duties of a country's embassy abroad is to promote the country where the embassy is located including the promotion of international relations.
The existence of an embassy in the country where the embassy is located is a representative of the country. What I know is that every embassy also needs to maintain every rule that applies in the country where the embassy is located. For example, the embassy of El Salvador in Switzerland, they must maintain and comply with every rule that applies in Switzerland.

If Switzerland prohibits the use of Bitcoin, then the free space for Bitcoin as in El Salvador must also be heeded by the El Salvador embassy there.
That's my opinion. Then in the event that El Salvador will build a Bitcoin embassy in Switzerland, is there a more detailed explanation?
sr. member
Activity: 1274
Merit: 252
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.
Quote
“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
This is actually an important thing for El Salvador to do because considering they need to expand into business and adopt Bitcoin in mainland Europe so that it can cover a wider scope of society by targeting rich countries like Switzerland. In my opinion, this is a very appropriate step and it is hoped that it will have a better effect for El Salvador and for Bitcoin, of course.

After all, several countries in Europe are also familiar with Bitcoin, although they have not yet adopted it, as was done by the country of El Salvador. So it might not be so complicated for El Salvador to carry out the work although I'm not saying it will be easy for El Salvador either, it's just that El Salvador is no longer held back by time in terms of introducing Bitcoin to other countries with examples of adoption already El Salvador did to himself.
legendary
Activity: 1232
Merit: 1888
... 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.

What? I have searched the internet and the price of a coffee in Budapest comes to the equivalent of $1. Even if your coffee was worth $3 it is not sustainable.

I don't quite understand what kind of payment is that because no matter how high you want to put the fee is not going to be $7 over $3, plus it depends on the miners finding the block to be confirmed.

It is not very common in Europe for people to pay with Bitcoin. There are few sites that accept it and even fewer people who pay because they consider it a savings or investment, not something to spend.
legendary
Activity: 1232
Merit: 1080
El Salvador will be the model for other countries about accepting Bitcoin as legal tender.
I believe other neighboring countries of El Salvador will follow. It just a matter of time, I believe that neighboring countries of El Salvador are the countries will notice how El Salvador is doing when they start to accept Bitcoin as legal tender.
I hope that you are right but atm no other country has made the move and I think it is because btc is unstable. We need btc to become more stable so that it encourages other countries to adopt it. If it got adopted by another 5 moderately sized countries I think we could be seeing a big bull run that would surpass most peoples expectations about btc. I just do not think it will happen in the next 10 years so a lot of people will have moved on by then.
legendary
Activity: 2282
Merit: 1344
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El Salvador will be the model for other countries about accepting Bitcoin as legal tender.
I believe other neighboring countries of El Salvador will follow. It just a matter of time, I believe that neighboring countries of El Salvador are the countries will notice how El Salvador is doing when they start to accept Bitcoin as legal tender.
legendary
Activity: 3150
Merit: 1197

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.

Embassies represent their home country in the host country and generally follow the laws and regulations of both. However, they may still receive funding from their home country in their home currency. A country that has banned Bitcoin may still have an embassy from El Salvador, but it would depend on the specific laws and regulations of both countries and the circumstances surrounding the relationship. It's also worth noting that the legalization or ban of Bitcoin can vary between countries, so there could be complex diplomatic and legal considerations involved in establishing an embassy.
El Salvador spreading its adoption of bitcoin through all the levels. Embassies were the connecting bridge between two countries. El Salvador tries to have the connection through bitcoin which is a good move. Every country won't be interested,but the interested countries participation will make some positive things happening with the cryptomarket. In all means combined growth is a must and it looks like El Salvador is making it happen in real-time.
sr. member
Activity: 448
Merit: 580
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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.

Embassies represent their home country in the host country and generally follow the laws and regulations of both. However, they may still receive funding from their home country in their home currency. A country that has banned Bitcoin may still have an embassy from El Salvador, but it would depend on the specific laws and regulations of both countries and the circumstances surrounding the relationship. It's also worth noting that the legalization or ban of Bitcoin can vary between countries, so there could be complex diplomatic and legal considerations involved in establishing an embassy.
sr. member
Activity: 854
Merit: 262
Eloncoin.org - Mars, here we come!
The government of El Salvador had been pushing for the social and economic adoption of Bitcoin without minding what the world would say about it. He had been a poineer in making sure that the whole world see good reasons why they have to invest in Bitcoin and use it on a regular day. Many countries still keep banning the use of Bitcoin by there citizens and what he is doing is to tell the world that there is more value in adopting the use of Bitcoin not minding what happens to fiat.

This is what the community had been fighting for, for the government to establish a platform where the use of Bitcoin would be acceptable for people to have different opinions when they want to make transactions .
legendary
Activity: 1232
Merit: 1080
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.
legendary
Activity: 1610
Merit: 2563
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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.

legendary
Activity: 1232
Merit: 1080
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.
full member
Activity: 1176
Merit: 118
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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.
full member
Activity: 1297
Merit: 126
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.
legendary
Activity: 3066
Merit: 1049
Eloncoin.org - Mars, here we come!

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.
legendary
Activity: 3542
Merit: 1352
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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?  Cheesy 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.
hero member
Activity: 686
Merit: 987
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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.
legendary
Activity: 3024
Merit: 1496
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.

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