A company that is changing the way the world mines bitcoin

CoinGape 2025-01-14 13:12:05

El Salvador Crypto News: President Bukele Plans Bitcoin Nodes in Every Home

From buying one BTC a day, El Salvador President Nayib Bukele is taking the country’s crypto plans to the next stage with the goal of having a Bitcoin node at every home. Max Keiser, the senior Bitcoin advisor to President Bukele, revealed the key news about plans to transform the country into a full-blown BTC ecosystem this year. El Salvador Crypto News: Bitcoin Node At Every El Salvador Home? Max Keiser spoke about President Nayib Bukele’s bold vision to introduce a Bitcoin node at every home thereby setting up global precedence in crypto adoption. The broader goal here is to promote economic decentralization and promote financial inclusion. Additionally, it also seeks to promote a decentralized nation-state model in the country. Through its Bitcoin acquisition plans over the years, and making BTC a legal tender, El Salvador has managed to effectively reduce debt. Now, installing Bitcoin nodes could bring major benefits in terms of enhanced security and user autonomy. It would also mean greater decentralization of citizens’ finances while reducing reliance on centralized points. Furthermore, it would improve accessibility, empowering more people to safely and effectively engage in the crypto economy. It will be interesting to see whether El Salvador residents accept this plan from the President. The launch of the Bitcoin volcano bonds, which sought to raise $1.0 billion for the construction of Bitcoin mining infrastructure in the country, had very low acceptance rates. Some critics have also argued that having a BTC node at every home is not a viable idea while calling it “grand illusion”. Moreover, El Salvador’s recent IMF deal for a $1.4 billion loan could put limitations to its bold plans. Despite this, the Latin American country is emerging as a strong choice for crypto firms to set up base. A Safe Haven For Crypto Firms? Amid the growing regulatory scrutiny and this crypto adoption news, El Salvador is emerging as a safe haven for crypto firms to set up base. Over the past week, two top crypto firms – crypto exchange Bitfinex and stablecoin issuer Tether – have announced their expansion plans in the Latin American country. Bitfinex Derivatives , the official platform under its Seychelles-based parent company, secured the Digital Asset Service Provider (DASP) license in El Salvador, as part of its efforts to expand presence in Latin America. Yesterday, January 13, largest stablecoin firm Tether announced that it has secured the same DASP license for setting up a physical office in the Latin American country. As a result, the firm will entirely shift its operations in the nation. The post El Salvador Crypto News: President Bukele Plans Bitcoin Nodes in Every Home appeared first on CoinGape .

Наиболее читаемые новости

Trump’s Inauguration Poised to be Most Milita...
2025-01-15
XRP Lawsuit: Ripple and US SEC File Stipulati...
2025-01-15
Crypto Community Rallies for Crypto Ball Even...
2025-01-15
XRP Price Eyes a 30% Rise After a 40% Upswing...
2025-01-15
Analyst Says Bitcoin Fun Will Begin When This...
2025-01-15
New UK Cybersecurity Proposals Aim to End Ran...
2025-01-15
Bitcoin Metrics Show New Participants Have En...
2025-01-15
Bitfinex Alpha | Bitcoin “dậm chân tại chỗ” k...
2025-01-15

Связанные новости

Прочтите Отказ от ответственности : Весь контент, представленный на нашем сайте, гиперссылки, связанные приложения, форумы, блоги, учетные записи социальных сетей и другие платформы («Сайт») предназначен только для вашей общей информации, приобретенной у сторонних источников. Мы не предоставляем никаких гарантий в отношении нашего контента, включая, но не ограничиваясь, точность и обновление. Никакая часть содержания, которое мы предоставляем, представляет собой финансовый совет, юридическую консультацию или любую другую форму совета, предназначенную для вашей конкретной опоры для любых целей. Любое использование или доверие к нашему контенту осуществляется исключительно на свой страх и риск. Вы должны провести собственное исследование, просмотреть, проанализировать и проверить наш контент, прежде чем полагаться на них. Торговля - очень рискованная деятельность, которая может привести к серьезным потерям, поэтому проконсультируйтесь с вашим финансовым консультантом, прежде чем принимать какие-либо решения. Никакое содержание на нашем Сайте не предназначено для запроса или предложения