El Salvador, the first country to make Bitcoin (BTC) legal tender, will be hosting the “Adopting Bitcoin” conference in order to promote financial freedom. The Adopting Bitcoin conference will take place between November 15 and 17 bringing together some of the most popular figures in the Bitcoin industry. The information was released a few hours ago in a press release.
El Salvador Hosts Adopting Bitcoin Conference
El Salvador will be the host country of the “Adopting Bitcoin” conference from November 15 to November 17. Thanks to its Bitcoin adoption, the country has been chosen to be the host of this unique Bitcoin conference that is expected to attract more than 100 speakers from over 30 countries around the world.
It is worth pointing out that the event is organized by Galoy Inc., a company that has already been established in El Salvador with its Bitcoin Beach Wallet. According to the press release, the first two days of the event will take place at the Crowne Plaza convention centre in the capital of the country.
Jon Atack, Bitcoin core developer, will be present at the event highlighting the technology and development related to Bitcoin. Meanwhile, the Mexican senator Indira Kempis will also participate in economics talks. For those that do not speak English, real-time translations will be available for attendees.
Nicolas Burtey, CEO of Galoy, said:
“Nobody expected a sovereign nation to adopt Bitcoin as legal tender in 2021. The move has changed public perception about both the country and the currency. El Salvador is now making strides to become the Singapore of Central America and a beacon for financial inclusion, while bitcoin is proving itself as an excellent medium of exchange that can facilitate millions of daily transactions.”
At the same time, Bitfinex will be one of the main sponsors of the event. The exchange is among the largest in the industry and has been providing trading solutions to investors for many years. Paolo Ardoino, the CTO of Bitfinex, said that the company is proud to be a partner of El Salvador in this journey towards financial freedom. Bitfinex is also working in the country with different projects to help the local community.
El Salvador was the first country to make Bitcoin legal tender in 2021. Despite the fact that the country received large pressure from financial institutions around the world, it continued with its plans to adopt Bitcoin and make people’s lives better. Moreover, the country is working in order to depend less and less on traditional financial institutions.
In the future, there could be other countries making Bitcoin legal tender. We should not forget that the Central African Republic (CAR) has already made Bitcoin a legal tender in the country. However, there was a large impact (at least covered by mainstream media) in El Salvador.
Bitcoin (BTC) is the largest cryptocurrency in the world and it was released in 2009 during the financial crisis that affected the whole world. At the time of writing this article, Bitcoin is trading at close to $19,500 and it has a market capitalization of $375 billion.