I saw the news about El Salvador having the new bitcoin national office. From the very start, they have been doing bold move and they are only showing that they are stepping up ahead of other countries. Good job on Bukele and other officials that are part of this bold move and process.
El Salvador has been at the forefront of global Bitcoin adoption, and recent data show a tremendous increase and growth in the tourism sector of El Salvador and this is kudos to Bitcoin adoption since the tourism sector is one of the first targeted sectors for bitcoin usage and that move has attracted many tourists to El Salvador and using Bitcoin at the Bitcoin beach in El Salvador has also increase recently.
Well, those stats don't lie and the other nearby countries might get some inspiration with what they've done. More over, if the stats will be better by next year, I guess that there will be more countries that will get to imitate the strategy of El Salvador through their adoption of bitcoin.
I have not come across in the news where a Bitcoin office is mentioned in all the discussions on El Salvador's Bitcoin adoption, I am curious to know how the office look and what are their functions in the office, is it like an El Salvador Bitcoin bank, I see as an unnecessary thing at this point.
The main focus for El Salvador right now is how to promote the wider adoption of bitcoin by the general population within el Salvador and how to build a positive attitude among the citizens toward bitcoin.
Well, I don't know mind about how the office looks like but it's like an agency that will focus more with their bitcoin activities and purchases and stuff like that.
Not only that, the steps they took to build El Salvador and the city of Bitcoin within the country of El Salvador. But the Bukele Government has also introduced a bill to launch '
Bitcoin bonds' this month which of course is to advance the country of El Salvador. So that the government continues to make efforts to make step by step for El Salvador who will continue to regard Bitcoin as very important for them now and in the future.
Very great move by them. Aside from having bank and government bonds, this is what they're working on. I know that still many are confused how it works but eventually, most of their citizens will be the first one to get all the resources and will be educated things about bitcoin.
Right from the beginning I'd got the idea with El-Savador's kind of determination to present something new which they always bids for and the results are already evident in it bitcoin adoption, if you take a look on the nees that sorrounds it starting from the bitcoin volcanic bond, bitcoin beach, bitcoin free zone, bitcoin educational free materials, bitcoin tourism, bitcoin investments and so many other interesting things to look upon that has place El-Savador's adoption on a upper edge to develop more means in the settlement of it accrued debts, things were already working as expected and perfectly secured through it adoption because there have been several opportunities that comes along with it, now that it's buying bitcoin per day is another unique step to help achieve part of its remaining goals for the year and beyond.
I think it all started with the bitcoin beach and it's done by a volunteer until it has fluorished and got the attention not just by its citizens and tourists but by their president and its government. We see here the little steps that's being done going into bigger moves that's giving the entire world the impact from this little nation which will soon be seen by most countries.