El Salvador hosted its first dual-language Bitcoin conference, Plan B, attracting over 2,500 attendees. The event showcased optimism and a growing sense of ownership over the country's Bitcoin experiment among Salvadorans. Discussions focused on integrating Bitcoin into daily life, education, healthcare, and the government's strategy with the IMF.
The Central American nation is on a roll. This year’s Plan B conference was electric, featuring famous speakers from abroad as well as native Spanish content.There was a great feeling of optimism at this year’s Plan B .Differences have begun to emerge between Salvadorans and hardcore Bitcoiners, especially over President Bukele’s recent deal with the IMF .
Yet that side of the conference felt somewhat formulaic compared to the Spanish-speaking zone, held at the Museum of Arts of El Salvador, which was absolutely electric. Over there, Salvadorans of all stripes outlined plans to help their country develop — from providing new educational opportunities, to mixing Bitcoin with dental care, to discussing the government’s strategy with the International Monetary Fund . Many of the panel speakers, young Salvadorans themselves, had fire in their eyes.
Bitcoin shouldn’t be reserved to the nation’s elite, but should make everyday life easier for ordinary Salvadorans, Lemus said. That concern influenced her action plan for Bitcoin Berlín. “We wanted to push back on this notion that Salvadorans don’t use Bitcoin — that only expats use it. Now, if you go to Berlín, you’ll see working class people using Bitcoin.”There was an overall feeling that El Salvador is on the cusp of entering a new phase in its Bitcoin experiment.
Martínez, Lemus and Linares were all eager to share tips and advice. The secret sauce to adoption, they said, is to mix Bitcoin initiatives with social work. “If the way to get people to use Bitcoin was to make hamburgers instead of doing social work, then I would be making hamburgers,” Linares told me. “Whatever works. People like social stuff, so that’s what we’re doing.”Stablecoin giant Tether’s decision to relocate its headquarters to El Salvador was also perceived as a massive win.
Finance BITCOIN EL SALVADOR CONFERENCE PLAN B CENTRAL AMERICA FINTECH IMF
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin 'Didn't Win' in El Salvador After IMF Deal, Claims NakamotoSatoshi Nakamoto, in a recent HBO documentary, argues that Bitcoin did not succeed in El Salvador despite the country's initial adoption. The claim stems from El Salvador's decision to amend its Bitcoin laws and cease accepting Bitcoin taxes in order to secure a better deal with the International Monetary Fund. While El Salvador will continue purchasing Bitcoin, Nakamoto believes the shift in policy ultimately favors the IMF and El Salvador, not Bitcoin.
Read more »
Bitcoin Education Key in El Salvador Says BTC Office DirectorA positive feedback loop is being created between El Salvador’s bitcoin education programs and crypto companies looking for a friendly jurisdiction.
Read more »
El Salvador Central Bank to Consider Bitcoin InvestmentEl Salvador's Central Bank Governor, Roberto Michl, will present a Bitcoin investment plan to the board on Thursday. If approved, the bank could invest 5% of its $146.13 billion reserves in Bitcoin. Michl highlights Bitcoin's low correlation with bonds and growing investor interest since the launch of spot ETFs by BlackRock and others.
Read more »
El Salvador Reforms Bitcoin Laws to Secure IMF LoanEl Salvador's congress approved a bill to amend its Bitcoin law, making Bitcoin acceptance voluntary for private-sector businesses. This move is part of a $1.4 billion loan agreement with the IMF and aims to reduce the country's exposure to Bitcoin volatility. Bitcoin's price rallied to over $105,000 following the news, demonstrating its resilience amidst market fluctuations.
Read more »
El Salvador Backs Away From Its Bitcoin ExperimentIn order to accept a $1.4 billion loan from the IMF, El Salvador had to change some of its cryptocurrency laws.
Read more »
El Salvador Accelerates Bitcoin Purchases Amidst IMF PressureEl Salvador continues its aggressive Bitcoin accumulation strategy, boosting purchases after a US government sale presented an opportunity to buy at a discount. Despite recent policy adjustments agreed upon with the IMF to address financial stability concerns, the government remains committed to its Bitcoin-centric approach.
Read more »