TL; DR failure
- El Salvador is set to use more BTC profits to build schools.
- Laying for a veterinary clinic in the country began.
- The crypto community looks at which country has since adopted Ramzar.
El Salvador’s Vice President Bukle has said on his Twitter account that the country will use its bitcoin profits to build 20 new schools.
The school project is funded by a Salvador Trust surplus to accept bitcoin, which currently has a peak price of about $ 63,000.
بوکله Announced the school project After laying the first stone, the first public veterinary hospital in El Salvador was built from Bitcoin for the benefit of the country.
The president said the veterinary clinic would allow El Salvador to conduct 384 daily counseling sessions, attend 128 daily emergencies, 64 daily dog and cat surgeries, 64 hairdressing sessions, 128 rehabilitation sessions and 32 radiographs. The hospital will also employ 300 Salvadoran residents.
He stressed that without El Salvador’s investment in Bitcoin, a veterinary hospital and school construction and repair would be impossible in the future. He mocked the opposition in the country, which criticized him for his bold national strategy of accepting bitcoins.
Local sources report that building 20 new Bitcoin schools in addition to 400 schools is part of my new school plan.
El Salvador now has 1,120 bitcoins
The country recently bought 420 bitcoins and at the time of release, increased its national stack to more than $ 70 million to 1,120. On October 28, President Buckle confirmed via Twitter that the Latin American country had bought a “bitcoin price drop” and was exchanging dollars for bitcoin at a time when it believed it was still undervalued by the global market. .
At the same time, El Salvador is using its bitcoin profits to fund white elephant projects in the country. This development has made bitcoin owners eager to see which country is the next country to accept bitcoin, because countries have to compete or lag behind. Countries are debating their prospects. However, El Salvador is the only country that stores bitcoin publicly and has made cryptocurrencies its main currency.