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- 📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
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4. Submissions must be original and comply with community guidelines. Plagiarism or re - 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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El Salvador will establish a Bitcoin Bank
The Bitcoin revolution in El Salvador is entering a new phase with the preparation to launch "Bitcoin Banks" - the first of their kind in the world. The announcement was made by the country's official Bitcoin Office, affirming that El Salvador is the "Bitcoin Country".
Although the details are still limited, this initiative may include banking services fully identified by BTC, indicating that Bitcoin will be more deeply integrated into the national financial system.
Max Keiser, a senior advisor on Bitcoin to President Nayib Bukele, stated that Bitcoin is "swallowing" 400 trillion USD of global store of value and weakening central banks.
Along with his wife, Stacy Herbert – the Director of the Bitcoin Office – Keiser has been a key figure in the policy supporting Bitcoin since El Salvador recognized BTC as legal tender in 2021.