44 Countries Meet in El Salvador to Discuss Bitcoin

44 Countries Meet in El Salvador to Discuss Bitcoin
  • President Nayib Bukele of El Salvador confirmed a meeting with 44 other countries.
  • The main focus of the meeting is on Bitcoin and the digital economy.
  • El Salvador, the first country to recognize Bitcoin as legal tender, now has 2,000 BTC holdings.

El Salvador’s President Nayib Bukele announced via Twitter that 44 countries will meet in El Salvador. According to him, they will discuss financial inclusion, digital economy, banking the unbanked, the Bitcoin rollout and its benefits in his country.

The 44 countries consist of 32 central banks and 12 financial authorities. These central banks and financial authorities are essentially from developing nations, such as Angola, Bangladesh, Egypt, Guinea, Kenya, Madagascar, Nepal, Nigeria, Pakistan, Paraguay, Rwanda, and Uganda.

The full list of those that will attend has been disclosed under the comment section of Bukele’s announcement tweet.

The President’s announcement comes after a tweet from an account named @Bitcoinbeach revealed that various countries are flying to El Salvador on Saturday, which confirmed the meeting. 

In June 2021, El Salvador became the first country in the world to recognize Bitcoin as legal tender. Bukele said Bitcoin has the potential to reach 10 million new users. In addition, the largest cryptocurrency will also be the fastest way to transfer $6 billion a year in remittances.

With the country’s recent purchase of 500 Bitcoin last week, El Salvador now holds more than 2,000 Bitcoins or more than $60 million at the time of writing.

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Bryan is a gamer who became genuinely interested in crypto after his initial exposure to Play-to-Earn games like Axie Infinity and Pegaxy. He has basic knowledge of technical analysis and is keeping an eye out for interesting developments in the metaverse and GameFi space.