Bitfinex Chief Technology Officer Paulo Arduino said that the adoption of Bitcoin will continue to develop in El Salvador in the coming years and will see further results.
From Tuesday, November 15th to this Thursday, more than 1,000 bitcoin holders participated in Adoption, a space that promotes cryptocurrency education and seeks to make El Salvador known as a great place to invest.
Paolo Ardoino, technical lead of cryptocurrency company Bitfinex and event organizer, explained to El Salvador Journal that all the sessions will focus on financial inclusion, financial freedom and explaining to people why Bitcoin is so important.
Furthermore, one of their main goals is to share in the economic and social achievements of El Salvador, the only country where Bitcoin circulates as a legal tender parallel to the US dollar.
“In this type of educational activity, we can explain why the decision of President Nayib Bukele and the people of El Salvador is brave, brilliant and great. support from one of our communities: the Bitcoin community,” he said.
For Arduino, the adoption of Bitcoin will be quite different from the event that the crypto community attends every year, as it is not about proposing new initiatives or developing a sales platform, but rather promoting the dissemination of knowledge about blockchain infrastructure.
"When I talk to people who attend conferences, they tell me it's like 'visiting family,' because they know people in the bitcoin community who have been to different places and share experiences," he added.
He also said that the event is expected to be held every year, so "every year, people will see more circles in the country".
On the other hand, the Bitfinex executive said that it is very important for his company to show the panorama and blueprint for the adoption of Bitcoin in El Salvador, because some international media are already claiming that Bitcoin will not work in El Salvador, and he believes that "this is not the case." Fair. "
“Many media reports said that El Salvador’s application of Bitcoin will fail, but I think this is an unfair statement. The United Nations created the Euro many years ago and promoted it to circulate widely around the world, and it has been adopted by 100% of countries; however , I think what’s happening in our country is much more plausible because you’ve created a new option and then you’ve created the infrastructure to drive it,” he added.
From his point of view, if people assert that the application of Bitcoin will fail in a year, it is equivalent to forgetting the application history of other technologies such as automobiles.
"Another way to look at it is to imagine that Ford created the first automobile at the turn of the last century, and you think a year from now less than 1% of the U.S. population will own a car. Can you imagine now , Some media will say one year after the invention of the car that the auto industry will fail because only 1% of the population owns a car?" he said.
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