President Bukele of El Salvador to Meet with Binance to Foster Bitcoin Adoption

El Salvador, the first country to adopt Bitcoin as legal tender, is seeking support from the world’s biggest cryptocurrency exchange, Binance, on how to foster its Bitcoin adoption. 

President Bukele to Meet with Changpeng Zhao

The El Salvadorian President, Nayib Bukele, revealed that he would be meeting with Changpeng Zhao, the founder and CEO of Binance, on Thursday, March 24. 

With his meeting coming amidst news of the El Salvador Bitcoin bond, many speculated that the bond was the subject of discussion. However, President Bukele took to Twitter to clarify that it was unrelated to the El Salvador Bitcoin bond

He explained that the bond would be issued by Bitfinex and not Binance. President Bukele tweeted;

President Bukele explained that his meeting with Changpeng Zhao was to discuss other issues not related to the Bitcoin bond. 

The meeting is said to revolve around El Salvador’s implementation of Bitcoin as a legal tender. The Central American country is seeking help on how to foster Bitcoin adoption in the country. 

CZ is currently in El Salvador and was accompanied by the Salvadoran ambassador to the United States, Milena Mayorga. 

On the Flipside

  • President Bukele has lashed out at U.S. senators for proposing a bill to investigate the effects of El Salvador’s Bitcoin experiment.

Why You Should Care

Ambassador Mayorga has said CZ’s visit was a vote of confidence in Bukele’s decision to adopt bitcoin as legal tender.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Milko Trajcevski

Milko Trajcevski is a DailyCoin news reporter, mainly focused on Ethereum (ETH), Cardano (ADA), and their founders (Vitalik Buterin and Charles Hoskinson). Milko is an avid follower of crypto and blockchain technology and has written thousands of articles on the subjects. He finds joy in transforming complex issues into written content that anyone can understand. Milko has used and analyzed numerous exchanges, such as Coinbase, FTX, and Binance. He also closely follows all of the latest news around the largest decentralized exchanges (DEXs). Location: Skopje, Macedonia