El Salvador Asks Binance for Bitcoin (BTC) Adaptation: Changpeng Zhao Goes to El Salvador!

According to the statement of El Salvador’s ambassador to the United States, the country, of bitcoin use as legitimate currency and $1 billion BTC He asked the crypto exchange Binance for help to issue the bond.

El Salvador’s Ambassador to the U.S. Announces Asking Binance to Help With Bitcoin Adaptation

According to Ambassador Milena Mayorga’s statement, Binance CEO Changpeng Zhao will visit El Salvador on Thursday and meet with the country’s president, Nayib Bukele.

In his statement, Mayorga said that Changpeng Zhao’s visit to the country was a vote of confidence for Nayib Bukele’s declaration of Bitcoin as the legitimate currency last September and BTC-based bond issuance steps.

In his statements in the past, Zhao praised El Salvador for its leading role in the adoption process of Bitcoin and said that Bukele will be remembered as a hero thanks to this courageous step he took for the future.

The country’s adoption of BTC as its official currency was not well received by the public, and protests were held in various parts of the country, and in some regions cryptocurrency Their ATMs were burned. A recent survey revealed that only a small percentage of businesses accept BTC as a payment method.

However, on Tuesday, El Salvadoran officials stated that the issuance of BTC bonds has been postponed and is intended to be carried out under better conditions.

*Not investment advice.

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