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El Salvador Will Build 20 Schools With Its Bitcoin Profits -Breaking

by Mike Robinson

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© Reuters. El Salvador will build 20 schools using its Bitcoin profits
  • El Salvador used profits to construct 20 schools.
  • Five months after legalizing Bitcoin, the country has already made significant strides.
  • This announcement has thrilled the crypto community.

El Salvador is still blowing the globe. Not so long ago, El Salvador made Bitcoin a legal tender in its nation. El Salvador now has an announcement to announce, after much celebration and further steps to leverage the decision.

El Salvador plans to use the Bitcoin (BTC), profits from which it has made, to fund 20 schools. The news was just tweeted by Bitcoin Magazine a few hours earlier.

El Salvador made a lot of progress this year. El Salvador has made great strides since its efforts to legalize Bitcoin in the middle of 2021. It is now using its profits as a way to help others.

El Salvador was actually very active this year. El Salvador has been able to exploit the volcanic power to mine Bitcoin since June when it made Bitcoin legal tender.

El Salvador also gave $30 in Bitcoin to citizens that downloaded the Chivo ewallet and registered. In an attempt to increase the number of Bitcoin wallets in El Salvador, this was done. This is an excellent initiative. El Salvador has now had more than 2 million Bitcoin wallets.

El Salvador had just begun. The country quickly installed 200 Bitcoin ATMs. In preparation for widespread Bitcoin adoption, they did this.

El Salvador continued to acquire more Bitcoins in the dips of this year. At the moment, El Salvador has a staggering total of 1120 Bitcoins.

Coming back to El Salvador using Bitcoin profits to build schools, the crypto community and the whole world can’t get enough of this. Bitcoin Archive posted a tweet about the same thing.

The tweet clearly shows how the crypto community mocks traditional monetary financing projects. Particularly, the tweet refers to the International Monetary Fund. The crypto-space seems to be solving some of our biggest problems.

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