El Salvador will establish a Bitcoin Bank

robot
Abstract generation in progress

The Bitcoin revolution in El Salvador is entering a new phase with the preparation to launch "Bitcoin Banks" - the first of their kind in the world. The announcement was made by the country's official Bitcoin Office, affirming that El Salvador is the "Bitcoin Country".

Although the details are still limited, this initiative may include banking services fully identified by BTC, indicating that Bitcoin will be more deeply integrated into the national financial system.

Max Keiser, a senior advisor on Bitcoin to President Nayib Bukele, stated that Bitcoin is "swallowing" 400 trillion USD of global store of value and weakening central banks.

Along with his wife, Stacy Herbert – the Director of the Bitcoin Office – Keiser has been a key figure in the policy supporting Bitcoin since El Salvador recognized BTC as legal tender in 2021.

EL-0.25%
BTC-0.07%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)