This article is from es.cointelegraph.com and the original article can be read here
Cryptocurrencies, volcanic energy, Bitcoin are words that resonate when speaking of El Salvador. In Miami during the Bitcoin 2022 event, Rodrix Digital spoke with Marcos Amaral, founder of BTreze, about what is happening in that country.
Last year El Salvador became the first nation in the world to adopt Bitcoin as legal tender, paving the way for BTC fulfill one of its main purposes, which is to effectively be a currency and, as such, enable payments, value transfers. and all kinds of financial transactions.
However, along with El Salvador’s statement, several doubts and criticisms also arose about the decision of the Latin American country. In this context it is important to analyze if Bitcoin is used for Payments or is it a new form of digital gold.
To better understand how this experience is taking place and how the population, entrepreneurs and other members of society are interacting with cryptocurrencies, the conversation from Miami featured Marcos Amaral, founder of BTreze.
Knowing that the law would be approved in September, Amaral saw it as a necessity to be present in El Salvador. The trend of blockchain technology, in the words of Marcos, should start with people, then with companies and then with governments, which was quite different, especially in El Salvador.
He pointed out that, despite being a country where access to banking was not a common practice, especially in the digital sphere, the adoption of Bitcoin greatly facilitates the individual’s participation in the economy, since in possession of a smartphone, the Citizen already participates in the financial market, demonstrating the social inclusion side of Bitcoin.
On mining Bitcoin with the energy of a volcano, Marcos Amaral said that El Salvador’s move was precise, but still symbolic. Seeking to test the windows of possibilities in this market, the container, which is powered by thermodynamic energy, still has little equipment.
“However, this step could be the first to compete for the attention of financial capital, especially for the tax aspects of El Salvador, which now has Bitcoin as legal tender,” he said.
The full conversation can be seen here: