Interesting.
I hope President isn't driven by emotion, but for good reason. I don't see why Bitcoin cannot work side by side with Fiat currencies. He could maybe have trustworthy developers create a safe National platform where citizens and others can safely keep both Bitcoin and fiat in decentralized manner... When international transfer needs to be done,you could transfer funds from the stablecoin/fiat to Bitcoin and then carry-out the transfer.This could be designed to happen automatically and effortlessly
I hope the transfer is as anonymous as possible so insecure cyber gangs do not try to intentionally mess up the price of Bitcoin or refuse to confirm the transaction when they notice incoming transfer from "enemy".
This is why it's important to keep promoting the good ideal of Bitcoin. It will make forming organized gang-like cartels difficult on the Network
Topic: President of El Salvador: I believe that the legalization of Bitcoin will succee (Read 84 times)
June 24, 2021, 10:19:34 AM
June 24, 2021, 09:37:35 AM
On June 24, according to media reports, El Salvador’s President Naib Bukler stated in an interview that El Salvador is determined to promote the legalization of Bitcoin and believes that this will be a leap for mankind. As previously reported, on June 9, El Salvador’s Congress finally voted to pass the proposal of “using Bitcoin as legal tender” submitted by President Buckler. In September, the proposal will take effect. In an interview on Wednesday, Buckler said that the move will boost employment and the economy, and reduce El Salvador’s dependence on the current legal tender, the U.S. dollar. Although the World Bank refused to provide technical support and the International Monetary Fund (IMF) also expressed concern, he believed that the project would succeed. He said: "I am very sure that this is not only useful for us, but also useful for all mankind, because this is a leap for mankind."
This will bring an evolution in the monetary system in the world and El Salvador is the first one who involved in that but the world bank or IMF or any banking services will opposes them due to this decision which means governments also will be against them but if they believe bitcoin is the only form of currency to avoid the reserve US currency then they will be facing tough situations in the near future. 
June 24, 2021, 06:17:28 AM
He said: "I am very sure that this is not only useful for us, but also useful for all mankind, because this is a leap for mankind."
If he has said this. Well done for his believe. I'm happy that he do understand what bitcoin really is and his step shows that he may not have fully understanding on it but he walked the talk through making it as a legal tender.
June 24, 2021, 05:55:37 AM
Are you seriously posting this? he is the one who push this to congress to be legalize so for sure it is him that trust and believe this will happen in future.
and what will people of El Salvador think if he give opposite impression ?
and what will people of El Salvador think if he give opposite impression ?
June 24, 2021, 12:32:12 AM
On June 24, according to media reports, El Salvador’s President Naib Bukler stated in an interview that El Salvador is determined to promote the legalization of Bitcoin and believes that this will be a leap for mankind. As previously reported, on June 9, El Salvador’s Congress finally voted to pass the proposal of “using Bitcoin as legal tender” submitted by President Buckler. In September, the proposal will take effect. In an interview on Wednesday, Buckler said that the move will boost employment and the economy, and reduce El Salvador’s dependence on the current legal tender, the U.S. dollar. Although the World Bank refused to provide technical support and the International Monetary Fund (IMF) also expressed concern, he believed that the project would succeed. He said: "I am very sure that this is not only useful for us, but also useful for all mankind, because this is a leap for mankind."
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