Nayib Bukele Bangs The Drum for Bitcoin Adoption
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Nayib Bukele Bangs The Drum for Bitcoin Adoption

2 months ago

El Salvador's President Nayib Bukele invited representatives from 44 countries to talk about Bitcoin adoption.

Nayib Bukele Bangs The Drum for Bitcoin Adoption

Nayib Bukele is no stranger to a bit of self-promotion. It's thus unsurprising that he used the annual meeting of the Alliance for Financial Inclusion (AFI) that El Salvador is hosting to promote the use and adoption of Bitcoin to the participants:

The event is currently taking place in El Salvador and covers topics like financial inclusion and the digital economy. Bukele listed all the representatives in attendance, among them the Central Banks of several African nations like Egypt and Nigeria, representatives from Paraguay, Costa Rica and Ecuador, and the central banks of Armenia and Bangladesh, to name only a few.

The AFI is a Malaysia-based organization that is "a policy leadership alliance owned and led by member central banks and financial regulatory institutions with the common objective of advancing financial inclusion at the country, regional and international levels."

However, while Bukele may informally and on social media play up the cryptocurrency adoption angle, the official meetings will likely not be focused on crypto at all. Paraguay's central bank put out a statement saying that the focus of the meeting was not cryptocurrencies and that it does not plan to discuss them during the event.

The event follows recent news that El Salvador had yet again bought the dip by purchasing 500 BTC. However, at the time of writing, the country is down on this position (like on all its other purchases). Nayib Bukele might just want to focus on the financial inclusion part at the conference.
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