I am from El Salvador and I am right here to make clear some issues in regards to the BTC adoption just lately introduced. : ethereum

Howdy, I am from El Salvador so I would like to provide you all some info which may provide help to make clear issues. I posted this in one other thread and made some slight edits.

First some data of the present zeitgeist in El Salvador:

The president’s celebration, Nuevas Concepts (New Concepts), was shaped in 2018-2019 as a brand new various to the previous bipartisan, marxist-left (FMLN) and ultranationalist proper (ARENA) system that had managed the federal government for the reason that finish of the Civil Battle in 1992. He received the presidential elections in 2019 with 52% of the vote (overwhelming majority) and only recently received the legislative elections in 2021 by a landslide (73% of the vote). That signifies that his celebration controls the Congress with 2/Three of the legislators, that are enought to go any invoice that they need, and in reality that is what they have been doing.

His celebration is made up of principally younger professionals uninterested in the corrupt system that has saved the nation poor and underdeveloped for the previous 30 years. In simply their first day in workplace they fired the Legal professional Common (who had been defending different corrupt politicians) and 5 different magistrates, accused of being purchased by the oligarchy to guard their financial pursuits. In only a month, the brand new Congress has authorised unprecedented financing for training and infrastructure and has handed payments that ensure that the predatory financial elites that used to purchase politicians previously are saved in test. Many large infraestructure tasks are anticipated to be authorised by Congress quickly, together with the development of a high-speed railway and a brand new worldwide airport.

One of many largest tasks that the federal government is constructing is named Surf Metropolis, which is mainly highway, electrical energy and communications infrastructure alongside the shoreline to assist small companies. The truth is, for this very motive, the ISA determined to carry the World Browsing Video games (that are occurring till tomorrow) to qualify for the Tokyo 2021 Olympics in El Salvador. Bitcoin is already utilized by small companies on this space, particularly in El Zonte, which is without doubt one of the extra in style seashores that will get a whole lot of worldwide vacationers.

I do know most individuals used to have the notion that El Salvador was a dumpster hearth, as a result of we have been. Nonetheless, the nation goes by means of enormous change. Simply yesterday the ex-mayor of San Salvador (the capital) was captured by the police and is awaiting trial for corruption and gang financing and in addition the ex-first woman was sentenced to 10 years in jail for cash laundering. El Salvador is now not on the highest 10 checklist of most violents nations on the earth (the muder charge was 12-15 homicides day by day and has decreased to almost 3-Four day by day since Bukele took workplace) and our economic system is anticipated to develop steadily too.

Bukele (39 years previous) is extraordinarily in style, with an approval score of over 90% throughout his second 12 months in workplace. Largely because of this ahead considering. You may see this with the info associated to the pandemic. El Salvador is the Central American nation with the bottom mortality charge (due to an enormous revamp of our healthcare system), the bottom variety of COVID-19 circumstances and the quickest charge of vaccine functions, having simply surpassed the two million mark. The federal government additionally simply launched a undertaking to provide laptops to 100% of the scholars of the general public faculty system. The nation nonetheless has huge challenges to beat however I am assured we’re on an excellent path.

The adoption of Bitcoin as authorized tender is HUGE information for this nation. I guarantee you that Congress will go this invoice. I could not offer you an actual date, however the economics fee will most likely obtain all of the papers this week.

I will attempt to reply any questions that you simply guys might need.

Some helpful hyperlinks:

Bitcoin in El Salvador as of right now:
https://www.youtube.com/watch?v=-G9cmff81fc (Spanish)

https://www.youtube.com/watch?v=7VV0A_favrk (Spanish)

https://www.youtube.com/watch?v=95tNWXADX14 (English)

https://www.youtube.com/watch?v=W4XcHi_NXl8 (Spanish)

The Surf Metropolis undertaking (which is the place Bitcoin will more than likely flourish):

https://www.latimes.com/sports/olympics/story/2021-06-04/el-salvador-is-riding-the-waves-as-global-surfings-newest-mecca

https://www.youtube.com/watch?v=Wna7x7O25lA (English)

https://www.youtube.com/watch?v=aznk1VSpqHA (English)