El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻 - page 56.

Bitcoin_people

sr. member

Activity: 462

Merit: 307

Bitcoin Halving Year 🎗️🎭

Quote from: Litzki1990 on April 15, 2023, 11:51:39 PM

Quote from: Mr.corol on April 15, 2023, 11:12:13 PM

source
The country of El Salvador is paying taxi fares with Bitcoin. El Salvador is truly a wonderful country.

Source
They are paying with bitcoins to buy gas. Gradually they will use Bitcoin for everything.
By seeing the activities of this country, the countries around them will be attracted to Bitcoin. At some point everyone around the world will be attracted to Bitcoin.

El Salvador went a step further in Bitcoin transactions. Undoubtedly, this is a very good news. El Salvador taxi bills, gas bills, and filling station bills all have Bitcoin attached. Their activities are really admirable. Step by step they are increasing the transaction volume of Bitcoin. El Salvador's initiative will be of great inspiration to countries that are planning to use Bitcoin as a medium of exchange.

At some point, it will be seen that every product in El Salvador is using Bitcoin as a means of alternative transaction.

The government of El Salvador has undoubtedly impressed everyone with its Bitcoin usage plan. In El Salvador, Bitcoin transactions have been introduced not only for gas bills, taxi fares, electricity bills, product purchases, etc. And the good news is that in all transactions tax free bitcoin transactions no tax to pay this activity is undoubtedly commendable. However, this Middle Eastern country of America has come a long way in terms of Bitcoin transactions and investments. They use bitcoins are spreading widely around the world and in EL Salvador there used to be a lot of extortion and terrorism.Nayib Bukele after the introduction of cryptocurrencies in EL Salvador suppressed them and led their country to progress. and the government of EL Salvador has passed the approval of Bitcoin transactions in almost all areas and in their economic aspect they are making great strides and have already started to improve a lot.

Litzki1990

sr. member

Activity: 1190

Merit: 296

Quote from: Mr.corol on April 15, 2023, 11:12:13 PM

source
The country of El Salvador is paying taxi fares with Bitcoin. El Salvador is truly a wonderful country.

Source
They are paying with bitcoins to buy gas. Gradually they will use Bitcoin for everything.
By seeing the activities of this country, the countries around them will be attracted to Bitcoin. At some point everyone around the world will be attracted to Bitcoin.

El Salvador went a step further in Bitcoin transactions. Undoubtedly, this is a very good news. El Salvador taxi bills, gas bills, and filling station bills all have Bitcoin attached. Their activities are really admirable. Step by step they are increasing the transaction volume of Bitcoin. El Salvador's initiative will be of great inspiration to countries that are planning to use Bitcoin as a medium of exchange.

At some point, it will be seen that every product in El Salvador is using Bitcoin as a means of alternative transaction.

Mr.corol

member

Activity: 168

Merit: 58

source
The country of El Salvador is paying taxi fares with Bitcoin. El Salvador is truly a wonderful country.

Source
They are paying with bitcoins to buy gas. Gradually they will use Bitcoin for everything.
By seeing the activities of this country, the countries around them will be attracted to Bitcoin. At some point everyone around the world will be attracted to Bitcoin.

Gallar

sr. member

Activity: 602

Merit: 291

Quote from: Odusko on July 28, 2022, 04:00:02 AM

Quote from: ?? on ??

The Bitcoin market has adopted Salvador as a symbol. More and more individuals may start using Bitcoin as the nation's official currency in the near future. Not the finish, but merely the beginning.

You seem to have gotten it wrong here, El Salvador did not accept the Bitcoin market. The country made Bitcoin a legal tender and this is different from your presumption so bitcoin remains a legal tender in El Salvador regardless of its market condition. This is why El Salvador has not sold any of its Bitcoin holdings since they began an accumulation of since over a year ago.

Of course, the president of El Salvador will not sell bitcoins that easily, they must have bigger goals in the future. Because the president, Nayib Bukele, must have thought very long about planning the adoption of bitcoin. And the goals that have been set by the president of el Salvador, will surely shock the world. Currently, one of the impacts that occurs when adopting bitcoin is on the tourism sector.

Quote

The Minister of Tourism, Morena Valdez, also confirmed that the local tourism industry has increased by 30% in the first three months after the adoption of Bitcoin.

Just three months after El Salvador adopted bitcoin, it has had a good effect. what else now.

Quote

“We have increased tourism by 95%, and that is partly due to Bitcoin. There are many Bitcoiners who want to go to a country where Bitcoin is legal tender, we are holding a Bitcoin conference," said Bukele, quoted from Cryptoslate, Wednesday (8/3/2023).

Sumber: https://pintu.co.id/news/25806-dampak-positif-bitcoin-untuk-el-salvador

Such an achievement is an extraordinary achievement, it can increase the tourism path by up to 95%. Because for some countries it is not easy to increase tourism routes like that. And it's all thanks in part to the adoption of bitcoin that took place in el Salvador.

Popkon6

sr. member

Activity: 560

Merit: 286

It is very important for heads of state to keep up with Bitcoin these days. Because now is the time for presidents to read books to stay in touch with Bitcoin trends and the rapidly evolving industry. Nayib-Bukele El Salvador This is the most important time to collect this bitcoin book and reach people to educate people.

n0ne

hero member

Activity: 2492

Merit: 548

8ombard - Pick, Play, Prosper!

Quote from: jokers10 on April 15, 2023, 04:56:26 AM

Quote from: Zanab247 on April 14, 2023, 10:31:13 AM

El Salvador are already in that pinnacle of development in the world for BTC because, anywhere you go in the world it has been recorded that El Salvador is the first country to legalized BTC to improve their economy and they have published BTC books for people to read and steady more about BTC so that they will have knowledge of BTC. Many countries are now looking for help from El Salvador president to show them how to legaliz BTC for their people to believe that BTC is not a scam currency because, the people of El Salvador believed in BTC in their country because they know everything about BTC is favourable when you follow due process.

Being the first doesn't mean being on the top all the time. Do you remember the name of the first social network? Of the first mobile phone producer? Of the first online store? Hardly. So to stay on the top there is a lot of work to do. And luckily El Salvador's government understands that. They are not stopping with being satisfied with being the first, they work hard to achieve more and get as much of the situation as only possible. History remembers the winners and not the first, and the first stay in memory only if the first is the winner.

Agreed on the fact. Being the first doesn't get importance, the goodness and the success will be remembered forever. Even with bitcoin it gets related, because earlier to the existence of bitcoin there were more attempts from different persons to create cryptocurrency, finally Satoshi innovated bitcoin and it is the real success. The country amidst all the opposition trying to promote as well as create opportunities which is the best way to make people involve into it.

The government had prioritised bitcoin education which is the best thing that need to be done to make the public make use of bitcoin in an effective manner. For school children text books were launched, diploma programs were started. More such activities will surely make people use bitcoin with ease than the credit card and debit cards.

macson

full member

Activity: 994

Merit: 140

again and again, who next Grin

Quote

El Salvador has awarded two more digital assets licenses today

@Ditobanx
is a Salvadoran startup delivering financial inclusion through its digital wallet

Also receiving a license is
@jackmallers
' E4

We welcome the best & brightest to come build in #Bitcoin country

[1] https://twitter.com/bitcoinofficesv/status/1646925323756265489

GigaBit

hero member

Activity: 1526

Merit: 506

Leading Crypto Sports Betting & Casino Platform

Quote from: Z-tight on April 15, 2023, 07:20:49 AM

Quote from: RockBell on April 15, 2023, 06:24:27 AM

You make a really good point that it will take some time for everyone to fully adopt the use of cryptocurrencies as legal tender because not everyone is familiar with them or knows how to use them for transactions. I'm not sure, but I believe that the government of El Salvador should host seminars for citizens to provide them with introductory lessons on cryptocurrencies. Most shop owners will have interest since its legality is coming from the government till today I love the decision that has been taking by their government.

I can agree that when El Salvador made BTC a legal tender in 2021, many people did not know what it was and how to use it, i even believe that the government that made the law didn't even know so much about BTC then, but the knowledge has been growing in El Salvador since then and i feel most merchants now have the knowledge to accept BTC if they want to, probably for most merchats who are yet to adopt BTC payment, it may be because of lack of interest, rather than not being familiar with how to implement it, which is very easy.

Agree with you. When something new is started, it takes time to implement. It will be the same in El Salvador. Initially people didn't know about Bitcoin now after knowing they are showing great interest and it continues to this day. Citizens of El Salvador are now well aware of Bitcoin. People who were unfamiliar with Bitcoin even a few days ago are now starting to dream about Bitcoin. Many people are also planning to start using Bitcoin in their business and maybe it will be implemented in a short of time. One of the great things about Bitcoin is that Bitcoin has been taught to the general public in El Salvador, in addition to government agencies, but also privately. The results of which will soon be reflected in El Salvador and El Salvador will have a better blockchain experience than some other big countries. Moreover, they have already announced that they have waived tax on all types of technological goods for Bitcoin and Blockchain based work which has won worldwide acclaim.

Z-tight

hero member

Activity: 826

Merit: 1010

Only BTC

Quote from: RockBell on April 15, 2023, 06:24:27 AM

You make a really good point that it will take some time for everyone to fully adopt the use of cryptocurrencies as legal tender because not everyone is familiar with them or knows how to use them for transactions. I'm not sure, but I believe that the government of El Salvador should host seminars for citizens to provide them with introductory lessons on cryptocurrencies. Most shop owners will have interest since its legality is coming from the government till today I love the decision that has been taking by their government.

I can agree that when El Salvador made BTC a legal tender in 2021, many people did not know what it was and how to use it, i even believe that the government that made the law didn't even know so much about BTC then, but the knowledge has been growing in El Salvador since then and i feel most merchants now have the knowledge to accept BTC if they want to, probably for most merchats who are yet to adopt BTC payment, it may be because of lack of interest, rather than not being familiar with how to implement it, which is very easy.

There is also 'Mi Premer Bitcoin', which is a BTC diploma program which assists in teaching people from El Salvador about BTC, from what i read, this program is not run by the government, but they support it, and so far it has helped to educate people from the Central American country about Bitcoin. These kind of programs can help, but people can even learn about BTC without them, except they lack the interest which i think is the problem here.

Doan9269

hero member

Activity: 812

Merit: 560

Quote from: jokers10 on April 15, 2023, 04:56:26 AM

Being the first doesn't mean being on the top all the time.

This may be applicable to other people, countries or areas and some other things but if you look into the case of El-Savador, it has not been ever relented from developing itself in many ways providing diverse opportunities, El-Savador is not such that does not want to get involved in any technology advancement except if later in future they have a change in government of which i believe it may not also significantly deviate from enjoying bitcoin and every other opportunities that comes along with it.

Quote from: jokers10 on April 15, 2023, 04:56:26 AM

Do you remember the name of the first social network? Of the first mobile phone producer? Of the first online store? Hardly. So to stay on the top there is a lot of work to do. And luckily El Salvador's government understands that.

Those organizations were centralized but this is a centralized country that is interesting on a decentralized network, the foundation from which it is built also determines, but blockchain technology is such that has come with many solutions.

RockBell

sr. member

Activity: 714

Merit: 358

Underestimate- nothing

Quote from: Popkon6 on April 15, 2023, 05:03:18 AM

Quote from: Mr.corol on April 14, 2023, 06:37:28 PM

There are some stores that do not accept Bitcoin. Even if you want to smoke, you can get it in exchange for bitcoins.
news see more details

Some shopkeepers do not accept bitcoins by accepting payment after selling goods due to their past bad habits and lack of knowledge of cryptocurrency. El Salvador Nothing is Perfect Chivo Wallet and Bitcoin Lightning Wallet Lack of Knowledge Some traders are hesitant to accept Bitcoin. In the future all the merchants will gradually be interested in accepting Bitcoin and the merchants need to be motivated about Bitcoin.

You make a really good point that it will take some time for everyone to fully adopt the use of cryptocurrencies as legal tender because not everyone is familiar with them or knows how to use them for transactions. I'm not sure, but I believe that the government of El Salvador should host seminars for citizens to provide them with introductory lessons on cryptocurrencies. Most shop owners will have interest since its legality is coming from the government till today I love the decision that has been taking by their government.

Popkon6

sr. member

Activity: 560

Merit: 286

Quote from: Mr.corol on April 14, 2023, 06:37:28 PM

There are some stores that do not accept Bitcoin. Even if you want to smoke, you can get it in exchange for bitcoins.
news see more details

Some shopkeepers do not accept bitcoins by accepting payment after selling goods due to their past bad habits and lack of knowledge of cryptocurrency. El Salvador Nothing is Perfect Chivo Wallet and Bitcoin Lightning Wallet Lack of Knowledge Some traders are hesitant to accept Bitcoin. In the future all the merchants will gradually be interested in accepting Bitcoin and the merchants need to be motivated about Bitcoin.

jokers10

legendary

Activity: 1918

Merit: 2916

Quote from: Zanab247 on April 14, 2023, 10:31:13 AM

El Salvador are already in that pinnacle of development in the world for BTC because, anywhere you go in the world it has been recorded that El Salvador is the first country to legalized BTC to improve their economy and they have published BTC books for people to read and steady more about BTC so that they will have knowledge of BTC. Many countries are now looking for help from El Salvador president to show them how to legaliz BTC for their people to believe that BTC is not a scam currency because, the people of El Salvador believed in BTC in their country because they know everything about BTC is favourable when you follow due process.

Being the first doesn't mean being on the top all the time. Do you remember the name of the first social network? Of the first mobile phone producer? Of the first online store? Hardly. So to stay on the top there is a lot of work to do. And luckily El Salvador's government understands that. They are not stopping with being satisfied with being the first, they work hard to achieve more and get as much of the situation as only possible. History remembers the winners and not the first, and the first stay in memory only if the first is the winner.

Who is John Galt?

sr. member

Activity: 308

Merit: 274

Quote from: Mr.corol on April 14, 2023, 06:37:28 PM

El Salvador is truly a Bitcoin country. It is really surprising that the country is so interested in Bitcoin. Property can be rented in exchange for bitcoins. And merchandise can be purchased in exchange for bitcoins. There are some stores that do not accept Bitcoin. Even if you want to smoke, you can get it in exchange for bitcoins.

It would be strange if in a country where bitcoin is a legal tender it would be impossible to pay with it freely. That's what it was all about, right? So that people can use all the possibilities of bitcoin as widely as they can, and the state strives to spread the word about the possibilities and benefits of using bitcoin. And the arrival of large players like Bitfinex will only increase the number of opportunities.

Mr.corol

member

Activity: 168

Merit: 58

El Salvador is truly a Bitcoin country. It is really surprising that the country is so interested in Bitcoin. Property can be rented in exchange for bitcoins. And merchandise can be purchased in exchange for bitcoins. There are some stores that do not accept Bitcoin. Even if you want to smoke, you can get it in exchange for bitcoins.
news see more details

Zanab247

full member

Activity: 1176

Merit: 118

★Bitvest.io★ Play Plinko or Invest!

Quote from: NicNacCoin

El Salvador is a country in Central America. Everyone knows America, but no one knows El Salvador in the heart of America. But since the day Nayib Bukele legalized Bitcoin in his country through creative thinking, it has been published in various media channels and social media. But EL Salvador has gained a lot of status in the world book today due to popular media channels and social media writing for them. Maybe very soon El Salvador will rise to the pinnacle of development in the world for Bitcoin.

El Salvador are already in that pinnacle of development in the world for BTC because, anywhere you go in the world it has been recorded that El Salvador is the first country to legalized BTC to improve their economy and they have published BTC books for people to read and steady more about BTC so that they will have knowledge of BTC. Many countries are now looking for help from El Salvador president to show them how to legaliz BTC for their people to believe that BTC is not a scam currency because, the people of El Salvador believed in BTC in their country because they know everything about BTC is favourable when you follow due process.

Artemis3

legendary

Activity: 1988

Merit: 1561

CLEAN non GPL infringing code made in Rust lang

Quote from: mendace on April 14, 2023, 03:18:08 AM

The process of inserting Bitcoin in El Salvador is just a ploy to have more control over the country through the incentive to use the Chivo Wallet, it's just a big advertising campaign. Did you know that incoming transactions to an address belonging to the Chivo Wallet if they come from a coinjoin are blocked and reported? Do you think this translates into financial freedom as Bitcoin should be or in control of your privacy?

How about not using Chivo wallet? Unlike a CBDC, this is real Bitcoin, nobody is forcing you to use the State sponsored wallet.

NicNacCoin

sr. member

Activity: 1288

Merit: 451

Sugars.zone | DatingFi - Earn for Posting

El Salvador is a country in Central America. Everyone knows America, but no one knows El Salvador in the heart of America. But since the day Nayib Bukele legalized Bitcoin in his country through creative thinking, it has been published in various media channels and social media. But EL Salvador has gained a lot of status in the world book today due to popular media channels and social media writing for them. Maybe very soon El Salvador will rise to the pinnacle of development in the world for Bitcoin.

mendace

sr. member

Activity: 448

Merit: 580

Pizza Maker 2023 | Bitcoinbeer.events

Quote from: Wiwo on April 13, 2023, 11:11:37 PM

Truth be told, President Nayib Bukele have done well in the area of bitcoin promotion and awareness within that country with his initiative to ensure financial inclusion of El Savadorians who have being at the centre of discussion since the El Salvador Bitcoin adoption on October 21st 2021 his consistent drive to promote Bitcoin has been the centre point of El Salvador Bitcoin development and increase in the adoption of bitcoin among El Salvador citizens.

Seeing the various promotional materials and other projects that are supporting the Bitcoin adoption and it usage within El Salvador and the transport sector have become one of the sector of El Salvador economy that is pushing the visibility pf Bitcoin to the public with the various Bitcoin logos on most taxis and buses within El Salvador.

The process of inserting Bitcoin in El Salvador is just a ploy to have more control over the country through the incentive to use the Chivo Wallet, it's just a big advertising campaign. Did you know that incoming transactions to an address belonging to the Chivo Wallet if they come from a coinjoin are blocked and reported? Do you think this translates into financial freedom as Bitcoin should be or in control of your privacy?

retreat

sr. member

Activity: 980

Merit: 364

Quote from: Popkon6 on April 13, 2023, 07:34:54 PM

-snip-

From this media, I learned that new products are often being produced in El Salvador. Bitcoin has been the talk of the town since it gained massive popularity in El Salvador, which is producing a variety of high-speed cars to attract people from all over the country.
And El Salvador is cleaning up the city nicely because Nayib Bukele has taken various measures to attract tourists. I respect all these activities of Nayib-Bukele. This is the only country in the world that has been recognized as a tax-free country after legalizing Bitcoin. And tourists from different countries travel to El Salvador on the rise. About 30% of people at home are ready to travel to El Salvador.

I can say that El Salvador is quite successful in implementing Bitcoin as legal tender in their country. The positive results of their Bitcoin adoption, such as tourism which has increased by 30%, their growing economy, a more secure and competitive financial system, and many other benefits, are proof of their success. Even though according to many parties Nayib Bukele's step in adopting Bitcoin was quite careless, but I think it is very good for El Salvador because they can achieve some good things for their country and even the name of El Salvador is becoming better known globally.

Topic: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻 - page 56. (Read 34278 times)