Bitcoin Adoption in South America
In a potential development for Bitcoin adoption in South America, the President of Colombia, Gustavo Petro, has become a BTC holder. This comes after El Salvador, another country in the region, adopted Bitcoin as legal tender earlier this year.
Colombian President Receives BTC Gift
The CEO of Blockstream, Samson Mow, gifted President Petro 100,000 sats worth of BTC. In response, the president expressed his belief that cryptocurrency technology holds promise for the people of Colombia.
“The President of Colombia is now a Bitcoin HODLer for sure. 100,000 sats to be exact.”
Promising Future for Cryptocurrencies and Blockchain
In light of his new ownership of BTC, President Petro announced plans to create working groups in public administration and grassroots communities to explore the potential benefits of cryptocurrency technology for the economy. He emphasized that cryptocurrencies and blockchain have already made significant strides globally and will continue to develop in the future, holding promise for prosperity.
Crypto Diplomacy between Argentina and El Salvador
After Argentina elected its new president, Javier Milei, Bitcoin advisor Max Keiser sought permission for a visit from the Argentinian Bitcoin team to El Salvador. President Bukele has approved this visit as part of a “Bitcoin diplomatic mission” focused on peace and economic freedom.
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