Volcano-Powered Bitcoin Mining Goes From Twitter Idea to State Policy in El Salvador
President Nayib Bukele is moving on multiple fronts to make El Salvador an unlikely bitcoin mecca.
Victoria Nuland, U.S. undersecretary for political affairs, met with President Nayib Bukele on Wednesday.
President Nayib Bukele made the announcement during a national address on Thursday.
El Salvador President Nayib Bukele's brothers reportedly presented the plan to foreign investors.
El Salvador's Bitcoin Law will make BTC a compulsory currency and create costs for everyday taxpayers – hardly an advancement for freedom or free money.
Preached as a way to support an underbanked population, bitcoin will increase fees and risks for Salvadorans.