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El Salvador’s President Nayib Bukele has donated 2 BTC, valued astatine astir $133,000, to enactment the operation of 1,000 schools successful Honduras, according to an Oct. 24 X (formerly Twitter) video.
In the video, the Bitcoin advocator handed the funds to Shin Fujiyama, the laminitis of Students Helping Honduras, an enactment dedicated to reducing poorness done education.
This donation aligns with Bukele’s accordant advocacy for Bitcoin, which helium made ineligible tender successful El Salvador successful 2021. The National Bitcoin Office (ONBTC) of El Salvador confirmed that the funds came from Bukele’s idiosyncratic wallet, and Fujiyama expressed heavy gratitude for the generous contribution.
Fujiyama is presently undertaking a 3,000-kilometer foundation tally to rise funds for the school-building project. In the video, helium shared that helium astir abandoned the situation retired of fearfulness but recovered inspiration from watching videos of Bukele, which gave him the courageousness to persevere.
Stacy Herbert, the Director of ONBTC, stated:
“Shin is moving 3,000 km to rise the funds to physique these schools and helium is presently connected his travel done El Salvador wherever the colonisation has shown him large emotion and support. This is simply a communicative of idiosyncratic sovereignty, idiosyncratic work and economical liberty.”
El Salvador’s Bitcoin adoption
This donation further reflects Bukele’s continued efforts to beforehand Bitcoin and integrate it into mundane life. However, BTC’s adoption rate successful El Salvador remains low.
A caller survey by Francisco Gavidia University successful San Salvador recovered that lone 7.5% of respondents usage crypto for transactions, portion 92% bash not. Additionally, conscionable 1.3% of those surveyed judge Bitcoin should play a cardinal relation successful the country’s future.
However, contempt the debased adoption rate, 58% of respondents expressed assurance successful the country’s absorption nether Bukele’s leadership, peculiarly successful economical and information areas. The survey polled 1,224 Salvadorans aged 18 and older.
Since making Bitcoin ineligible tender successful 2021, El Salvador has acquired astir 6,000 BTC done respective purchases and antithetic pro-crypto initiatives. However, this determination has faced disapproval from planetary organizations, notably the International Monetary Fund (IMF), which recently called for limiting nationalist assemblage vulnerability to Bitcoin.
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