- El Salvador this week hosted central bankers and financial officials from 44 countries for a financial inclusion event.
- All participating members were able to download their own bitcoin wallet and make purchases with BTC.
- In July 1944, 44 countries met to determine the Bretton Woods financial system. Once again 44 countries came together to learn a new system.
On 15 May, the President of El Salvador, Nayib Bukele, announced that 32 central bankers and 12 financial authorities from 44 countries would join hands for a program about achieving financial inclusion in their country and non-banking banking through the digital economy of bitcoin. Will meet.
The event, organized by The Central Bank of El Salvador and known as the Digital Financial Services Working Group and SME Finance Working Group, focused on financial inclusion after a two-year hiatus due to the COVID-19 pandemic. All participating countries are members of the Alliance for Financial Inclusion (AFI).
However, doubts were raised about the relationship between the incident and bitcoin – and if there was any in the first place.
A bitcoin event?
Galloy, the open source software company that developed the Bitcoin Beach wallet, wrote a blog post titled “Central Bankers Certainly Not Coming to El Salvador to Discuss Bitcoin,” addressing the comments. Bukele’s statement The intent of the event may be misrepresented.
The blog post includes several photos from the event, putting to bed those allegations of misrepresentation, with many participants actively learning about and enjoying the bitcoin ecosystem.
“Twitter is ablaze with posts about whether or not this was a bitcoin event. It wasn’t – it was a financial inclusion program. Bitcoin is the world’s most inclusive financial network,” according to Galloy’s blog post.
Even the AFI addressed the event on its website, addressing these concerns, saying, “The meetings are in line with El Salvador’s recently launched National Financial Inclusion Strategy, which has as a priority There is digitization and access to finance for small businesses.”
bitcoin beach trip
On 19 May, the last day of the event, 90 central bankers and financial officials from all participating countries visited Bitcoin Beach in El Zonte, El Salvador So that they can download their own bitcoin wallet and experience a new financial system with their own hands.
After bitcoin was discovered by financial authorities, they couldn’t help but gather for a memorial. Video and photo shoot Where they are called “Bitcoin!” Shouting can be heard. Amidst the beautiful landscape of El Zonte.
The vendors participating in the event were thrilled to attend, and a special fruit vendor noted Central bankers are “excited about the way BTC is being used in the region.” Speaking of sellers, bitcoin swags being sold to participants for BTC quickly ended, and Bitcoin Beach Twitter account One last made sure to remind myself to bring more product for the next gathering.
At least some bankers will have a more refreshing experience – and bitcoiners – casual Friday this upcoming weekend.