Topic: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻 - page 57. (Read 38876 times)

I am truly impressed by Bukele's charisma and visionary decisions as a president. Eliminating taxes for technology-related industries and the future is like smashing barriers for Gen Z youngsters to unleash their wilder innovations. These past few days, I've been thoroughly enjoying the wave of policies implemented by Bukele. El Salvador seems to have found a leader who is more attuned to the modern era than leaders in other nations.

He was elected president at the age of 37, positioning himself as the youngest president ever. Perhaps that's why his mind is wide open to technology and sees it as an opportunity to propel El Salvador as a tech-savvy nation.

Nayib Bukele symbol of Freedom
Nayib Bukele symbol of unity
Nayib Bukele symbol of discipline
Nayib Bukele symbol of innovation
Nayib Bukele symbol of Honesty and Dignity.

Salvadorans qualify 91.78% in their 4th year of adminstration of the president's government ..

https://twitter.com/CIESCA_OFICIAL/status/1663174824280162305?s=19
https://twitter.com/Martez305/status/1663181248003555328?s=19

I don't think there is any reason to hate bitcoin and no gain for those who resist. We have seen the beginning of the decisions taken by El Salvador, there were pros and cons to the President's decision and because they continue to be consistent today El Salvador got what they wanted.

El Salvador has answered the doubts of many countries how they first came to the conclusion of accepting bitcoins and today they are feeling the positive impact of their adoption. Even though there are still pros and cons from the start they legalized bitcoin as a legal transaction tool. But today they are getting the results commensurate with the decisions they made and even the African region is now also experiencing an explosion of trust for bitcoin and adoption of bitcoin there is also expanding.

El Salvador could not get loans from the IMF, because Bukele at some point showed that he was not going to do everything that he was told for these loans, in this case it was about bitcoin bonds, when Bukele tried to convince him that this should not be done which is still too early. In the bear market, it’s not easy for everyone who deals with bitcoin, but of course, El Salvador didn’t have any ruins because of this.

Are you now talking about El Salvador's external debt, or about some individual loans? Because the external debt of El Salvador is much higher.

As for ATM's, El Salvador is doing well, despite the fact that they have not yet reached the indicators that they planned earlier, this trend still looks positive for them. While there are many countries where this indicator gets negative readings, when their amount is reduced, due to conflicts with regulators.

El Salvador will host the Central America Travel Market (CATM) in 2024, an event that promotes the region as a multi-destination, mainly in Europe.
The announcement was made within the framework of the Central America and the Dominican Republic Innovation Tourism Talk 2023 (CAITT 2023), an event that has brought together more than 50 tourism representatives from the region.
https://twitter.com/MITURElSalvador/status/1654318378943643648?t=O8fSFqV54q_oq9cbZwRusQ&s=19

Well, no doubt because El Salvador is the first country who became the first legal tender, so saying country of bitcoin, none will surface expect El Salvador.

Anyway, you actually made it sound that El Salvador had a very easy route towards success before they become what they are now, which is exactly opposite thing as the country has first experienced losses and expensive mistakes along the way because they made a very big leap of faith towards the unknown waters as they were the first one to do it. In fact, on paper, the country have already loss more than 50% of their assets because of the situation in the market that we have now but when things begin to recover and it will, El Salvador's situation will be flipped from mud to riches and they deserve that for having a faith towards bitcoin.

Soon, there will be a couple of countries who will also follow El Salvador's footsteps because right now, they are still observing El Salvador's situation.

El Salvador only cares about the convenience of tourists and is implementing all the Bitcoin-centric plans to attract tourists to their country. Since their country has invented so many new technologies to attract tourists, it is only natural that the tourists in that country will be given maximum security. Not only in El Salvador, the security of tourists is provided, but in all countries of the world, the maximum security of tourists is ensured. Because the more tourists travel to the country, the more economically developed the country will be.

I expect bitcoin to be widely accepted as payment worldwide. Given the convenience of bitcoin, this is good news. High liquidity

Undoubtedly, El Salvador continues to make surprising changes throughout its system, after so many years fighting against the insecurity of each citizen, now without a doubt this new law that may be implemented will completely change the lives of Salvadorans. I would love for this to happen, the vision of those who must agree with said proposal may have changed since the last time this came up, since the panorama had time to be studied and analyzed as a possible advance for the economy and the quality of life of each person in that country.

Lakes, volcanoes, permanent waves, pupusas and much more in one place: El Salvador, a world class destination.

The #Bitcoin    Country



https://twitter.com/TheBitcoinLife_/status/1662242208936804355?t=-H5RCV58DkhM-Pf9-wVbwQ&s=19

Talking about the success in El-Savador ever since and after it's bitcoin adoption i will but only list few for you to look upon and don't make comparisons of El-Savador with other countries because each has their own challenges as well as pattern their own government adopt in leading the people.

These are some of the benefits bitcoin adoption has brought to El-Savador:

1. Bitcoin tourism
2. Boost on their economy
3. Reduced crime rate
4. Bitcoin City
5. Bitcoin education
6. Increase income/revenue
7. Bitcoin free zone
8. Settlement of part of its debts


There's much to taking a tourist visit to El-Savador, first you have to understand that you that tourist were permitted to have upto 90 days stay while on visit in the country, secondly, prepare yourself to get positioned for learning about the success path through which El-Savador had been through that led to where they were today and everyone talking about them, this will help you maximize your opportunity in going there to learn more and discover more being a tourist.

El Salvador's aspirations and achievements look good, but exaggerating achievements for effect doesn't look so good. Yes, after the fall of the economy in 2020, further growth is good, but the current growth of 1.2% per annum looks rather average. https://tradingeconomics.com/el-salvador/gdp-growth-annual

Yes, improving the security level in the country just looks like a stunning success, but the level of security in Chile, Canada and some other American countries is still considered to be higher. https://www.numbeo.com/crime/rankings_by_country.jsp?title=2023&displayColumn=1

In terms of migration, the outflow of the population from El Salvador is decreasing, but so far this process has not yet been reversed. https://www.macrotrends.net/countries/SLV/el-salvador/net-migration

Let's honestly evaluate real achievements, especially since El Salvador has them, and there are many of them!

This is why El Salvador adopted #bitcoin   

Watch link: https://twitter.com/DocumentingBTC/status/1661712410569211905?t=tmCV_HK0mwEhcT--Odc-tQ&s=19

El Salvador is Bitcoin Country. You can’t argue with the success of ElSalvador’s no shitcoins.Bitcoin only approach.

High growth, tourism boom, America's safest country, high FDI, immigration reversed as 1 million Salvadorans return home, 91% approval for Pres. Buckel (world's highest), attracting the best Bitcoin companies in the world; Swan, Strike, Fold + more!

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I agree and really believe in that, that the digital era continues to progress and there is always something updated at all times, where bitcoin is one of the progress that cannot be avoided at this time.
the presence of bitcoin has clearly brought changes that are very profitable for those who join it.
Apart from individuals, there are also countries such as El Salvador that have adopted bitcoin and legalized it to be used as a recognized transaction tool other than the US which has been used so far. el savador dared to go one step further because they believe bitcoin can help them in trouble, as well as all those who have invested their funds in bitcoin.

Come to the country of Bitcoin, of course Salvador will be heard. El Salvador is the creator of Bitcoin City If you want to enter Bitcoin City, you must go through the entrance of El Salvador. El Salvador is doing better than what we predicted. I would like to say on my own that I would like to take a tourist visa to El Salvador and travel once. As a bitcoin city El Salvador is open which I think applies to every visitor and is a safe city.
 
wacth link

Basically, the digital era is getting advanced.
Basically the presence of bitcoin has changed everything.
Basically the people who despise bitcoin are out of date in this modern situation.

Bitcoin has become a legal tender adopted by el savador and we see that they are progressing and advancing. So on this principle I think those of us who have been involved in Bitcoin, of course, have experienced extraordinary benefits, whether it's from trading income or investing in Bitcoin.

It would be great if such large cryptocurrency companies would move their headquarters to the territory and jurisdiction of El Salvador.  
But, I think, this process is not simple and such companies may get into big troubles, first of all because of the officials and in general they are for the representatives of the USA authorities.  First of all, because of the loss of tax revenues.  So not all large companies will decide on such a bold step.  
For example, just today I read that twin brothers Winklevoss, well-known cryptocurrency enthusiasts and founders of the Gemini cryptocurrency exchange, decided to open the second headquarters of this exchange in Ireland.  Just in case, if they are seriously persecuted in the USA, as I understand it.  They and similar companies in the field of cryptocurrencies are still simply afraid to anger the US authorities with their frank step if they just take it and leave for El Salvador.  This will be a notable slap in the face to legislators and the authorities of the USA.  Here they are simply afraid of the consequences for themselves personally, as a citizen of the USA.  That's all.  
But, I hope the positive experience of their more daring colleagues will allow them to make decisions not to go to the same shitty and tax-regulated Ireland, but to El Salvador, where Naib Bukele lowered taxes.  
In general, he is very loyal to IT technology startups.

In 2021 I heard there will be 1500 Bitcoin ATMs to be created but looking at coinatmradar until now only 212 units have been installed. Not a bad thing for countries that started legalizing Bitcoin as a means of transaction. Indeed, since the decline in the price of Bitcoin, there have been many reports that El Salvador is in ruin, even they applied for loans to the IMF but they were not given. It does take time and gradually, in addition to success in tourism there is other news. El Salvador managed to also pay off a $800 million debt plus interest was revealed by Finance Minister Alejandro Zelaya. Currently, they still owe $367 million plus interest on additional bonds maturing in January 2025, one positive sign of the country's financial stability. Source

I don't think we need the more crypto institutionizations to migrate to El-Savador than only the bitcoin users alone, we don't want to risk any chances for accommodating altcoins in other for them not to take ground, El-Savador is known for bitcoin and no any other crypto.


It's already happening, the economy is fast increasing and people all over the world are coming to the country to show interest in bitcoin, learn about bitcoin and enjoy a bitcoin free enabling environment without the itch from government regulations over the use and acceptabilities of bitcoin in the country's financial economy.


Those are exchanges and some were already considering that offer because of the over heating conditions of regulations on bitcoin users in the US, El-Savador is their best option and rescue haven


This is already happening and there's no doubt about it because it is evident in El-Savador ever since they adopt bitcoin, it has always been a better day.