The Coolest President in the World Is Turning El Salvador Into a Bitcoin Wonderland
- by Team
In an exclusive interview with the author and a few crypto enthusiasts, President Of El Salvador Mr.
El Salvador’s millennials are going to be the future, just as the former Spanish empire was. With the economy currently in a crisis, the country is in need of an ambitious and competent chief executive, a man of vision who can solve the economic crisis and bring a more sustainable future to the country and its people.
The president of El Salvador, Mr. Andrés Pastrana, is the ideal candidate in this context, since he has a clear idea to solve the current economic difficulties and a vision and a vision’s worth to bring an integrated and coherent development to the people of the country. In addition, he has a good understanding of Bitcoin and blockchain, which are the two main cryptocurrencies currently in the market today, and which are now experiencing a strong growth in the market due to the recent developments of the Bitcoin itself.
The interview is mainly about his ideas and experiences while being a president. The interview also touches on the current situation in the country and what is happening in the industry, with special attention to the future developments of the sector.
The interview will be released on Friday, October 10th at 18:30 CET (UTC+2).
El Salvador has recently experienced its first major socio-economic crisis. The economic situation has become worse and worse since the end of 2016 because of many factors. Two of those factors are the devaluation of the country’s currency, the peso, and the increasing rate of inflation and unemployment. The devaluation of the peso is currently the biggest factor negatively affecting the country’s economy. According to the official statistics, the peso has lost around 30 percent since the end of 2016. In the first ten months of 2017, it was nearly 70 percent.
In addition, the rate of inflation, another bad economic factor, which has continued for years, is also increasing: it has doubled. The problem is the growth rate of the economy is not the same at all times in the world, and there is always a need for growth. Therefore, it is essential to consider the future of El Salvador’s economy when looking at the global markets.
The coolest President in the world is turning El Salvador into a Bitcoin – Wonderland.
In early January, the President of El Salvador, Evo Morales, issued a decree which made the country a Bitcoin trading center. The decree, which was published on his Facebook page, is a precursor to what is to come.
“For the benefit of the people, the Government of the Republic of El Salvador will put in a concrete way that: a) all electronic transactions with the Republic of El Salvador will be carried out on a digital basis; and b) all electronic transactions with third parties will be carried out in accordance with the same protocols and protocols and forms of electronic signatures as those used in the Republic of El Salvador.
The decree was issued just hours after the arrest of 11 people by anti-drug agents on January 19th which resulted in the execution of a 22 year old man on February 7th.
The arrest of those who had been cooperating with the police in its investigation into the killing of the 22 year old occurred just days after President Morales, in his decree, issued a public order against the Central American migrant community.
The decree, therefore, has the potential to significantly increase the amount of capital and business transactions which take place in El Salvador.
At the time of publication of this article, Evo Morales’ decree had just been sent to all the banking entities in the country and as of the above article being published the decree has been “accepted” by 12 banks in El Salvador.
In order to further increase the amount of digital value transferred from El Salvador to the rest of the world, this article will attempt to shed some light onto the nature of how the digital currencies are being introduced to the El Salvadoran market.
The El Salvadoran banks, in addition to being the largest suppliers of banking services in the country, are also the largest suppliers of international electronic transfers which are processed on their computers.
El Salvador’s banking system is a hybrid of a fully electronic banking system and a bank deposit system with some electronic transfers processed by the banks.
The Bitcoin cult in El Salvador :
The Bitcoin cult in El Salvador: | cryptocurrency.
The cryptocurrency cult in El Salvador was formed in the early part of last century. It began in 1994 with the publication of the first issue of the El Salvadorian magazine La Revista de la Sociedad (Revista of Society), then with the first issue of the El Salvadore (el Salvador) weekly. The following year, the magazine was re-edited by Nicolás Mestre, and in 1998 the magazine became La Vanguardia de la Sociedad (The Vanguard of Society). The magazine soon became popular with El Salvadorans, and it was the first to be published in English.
Between the years of 1997 and 1999 the magazine ran two weekly issues: El Salvadore and La Hora (The Hour). These two issues were very popular in the Salvadoran market, and between them the magazine sold an issue every two weeks for more than 30 million pesos.
In late 1998, the magazine was re-edited by Nicolás Mestre, who later also assumed the position of President of El Salvador. The first issue of La Hora was published in early 1999. Mestre’s editorship lasted only until July of the same year, when he was ousted by a coup.
In the late 1990s and early 2000s, La Hora was popular in the Salvadoran market. The first issue sold for more than 40 million pesos, and it continued to be published regularly, selling an issues per six months.
In 2004 La Hora returned to being published every six months. In that same year the magazine sold more than 40 million pesos due to its popularity in the market.
The magazine sold an issue every two days for 12 million pesos between the years of 2006 and 2007. Subsequently, between the years of 2007 and 2012 La Hora sold an issue every two to three weeks for more than 100 million pesos.
Since 2007 La Hora became a very popular magazine in the market. It became one of the most read magazines in the market. The magazine became less popular recently, and the circulation of the magazine fell from 200,000 to 130,000 in 2009.
In November of that same year Foca newspaper published an article that showed the impact of the cryptocurrency cult.
The Bitcoin messiah of El Salvador
com – I am writing to you on behalf of an anonymous businessman in El Salvador who has been helping to develop Bitcoin in the area of alternative currencies in the form of altcoins.
The Bitcoin community in El Salvador has been facing a massive wave of negative publicity in its attempt to bring Bitcoin to the area, particularly among the youth. The Bitcoin community in El Salvador is not aware of how to handle this situation and it is causing a lot of confusion on an important issue to the Bitcoin community in El Salvador. I am writing you in order to provide you with some ideas on how to handle the negative publicity directed towards Bitcoin in the area of alternative currencies.
Many in El Salvador are wondering why Bitcoin and Altcoins are not being used in the area. They are also wondering why Bitcoin has lost such a prominent position as an alternative currency in El Salvador. I am writing you in order to provide you with a list of some of the major advantages of Bitcoin and Altcoins over the traditional alternatives.
The main reason Bitcoin is not being used in El Salvador is because the Bitcoin community in El Salvador is too immature to handle the negative publicity directed towards Bitcoin and Alternative currencies. Bitcoin can only be used when the other alternative currencies have already been made to work – this is not happening in El Salvador.
Bitcoin has been losing its dominance in the area because it has been losing favor in El Salvador. This has happened because people in some parts of El Salvador are not using Bitcoin because they do not understand that Bitcoin is the same as any other alternative currency and that Bitcoin is not just another type of alternative currency.
The reason Bitcoin is not being utilized in El Salvador is because people simply do not know how to use Bitcoin. People are still thinking that Bitcoin is like other alternative currencies and that Bitcoin is not just another alternative currency in the area. This is causing a lot of confusion among the people in the region of El Salvador.
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Spread the loveIn an exclusive interview with the author and a few crypto enthusiasts, President Of El Salvador Mr. El Salvador’s millennials are going to be the future, just as the former Spanish empire was. With the economy currently in a crisis, the country is in need of an ambitious and competent chief executive, a…
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