This week, 44 central bank leaders from emerging economies around the world are attending a conference in El Salvador to discuss financial inclusion, financing for small and medium – sized enterprises, and bitcoin (BTC).
Central bank delegates reached from Ghana to Burundi, Jordan to the Maldives and Pakistan to Costa Rica to San Salvador for the conference at the invitation of President Nayib Bukele.
Organized by the Alliance for Financial Inclusion, a global alliance for political leadership, and in partnership with the Central Bank of El Salvador, the conference takes place over three days. I tweetEl Salvador’s central bank president Douglas Rodriguez share :
“El Salvador is proud to host representatives from 44 central banks and financial authorities to learn about the implementation of bitcoin and policies to promote financial inclusion. »
Commander Rodríguez, President Bukele, said he ” she was sowing seeds among the 44 delegates tweeting a group photo of the leaders:
Planting seeds in 44 countries.
3 days to go…#Bitcoin good for the world pic.twitter.com/eOwhJZQ4RX
– Nayib Bukele (@nayibbukele) May 16, 2022
Planting seeds in 44 countries. 3 days to go … #Bitcoin is good for the world pic.twitter.com/eOwhJZQ4RX
– Nayib Bukele (@nayibbukele) May 16, 2022
The team behind the Bitcoin Beach project was also in attendance, to raise awareness among central bank leaders. Bitcoin Beach, El Zonte is the birthplace of the Bitcoin Law, a public movement that led the first nation to adopt bitcoin.
Nicolas Burtey, co-founder of Galoy Money – the company that built the Bitcoin Beach wallet – said: “ After spending a day with these central bank representatives, I can say: there is still a lot of education to be done. Burtey continues:
” [La] the vast majority have no idea about the potential of bitcoin. But when El Salvador adopted bitcoin, they now have a reason to go into it. »
Burtey and his team spent the day talking to central bank leaders, showing them how to use a Bitcoin Lightning wallet and send payments. Progress was rapid – so fast, in fact, was Burtey tweeted : “ We can’t get central banks on board fast enough for #bitcoin with BTCBeachWallet “.
Photos from the event are unbelievable, with central bank executives eagerly learning how to send payments and create a wallet.
Central online bankers for help in downloading and using Bitcoin Beach Lightning wallet pic.twitter.com/CWupR1Td4K
– Bitcoin Beach (@Bitcoinbeach) May 16, 2022
Central bank leaders come to help download and use Bitcoin Lightning Beach Wallet pic.twitter.com/CWupR1Td4K
– Bitcoin Beach (@Bitcoinbeach) May 16, 2022
Currently, only two countries in the world have recognized bitcoin as a legal tender: El Salvador and most recently the Central African Republic, which was later recovered by African central banks for the adoption of cryptocurrencies.
Read also: El Salvador Central Bank Accepts Qredo Registration to Provide Cryptocurrency Services
For some commentators, such as Dan Tapiero from 10T investment fund holdings, who eloquently told Cointelegraph during an interview: “ I have no cash the conference on financial inclusion in El Salvador is crucial. It suggests that the United States may have to come up with:
The first ever real-world macro investment …
… led by El Salvador? !!
32 central banks, 44 countries flying to El S.
Emg countries ahead of adoption.
For the first time the US is not at the forefront of financial and technological innovation. https://t.co/XKOURSJ2SA pic.twitter.com/mF8GaBezDW
– Dan Tapiero (@DTAPCAP) May 17, 2022
#Bitcoin …
The first ever global macro investment … with El Salvador at the forefront? !! 32 central banks, 44 countries fly to El Salvador. Countries in the region are in charge of adoption. For the first time, the United States is not at the forefront of financial and technological innovation. https://t.co/XKOURSJ2SA pic.twitter.com/mF8GaBezDW – Dan Tapiero (@DTAPCAP) May 17, 2022
However, for diehard bitcoiners, the opportunity to prank the event was just too great. Gigi, bitcoin writer and author of 21 Lessons tweeted : ” If they continue to use bitcoin, they will no longer be central bankers! »
