El Salvador’s President Nayib Bukele said on Twitter that he would meet with 33 central banks and 12 financial institutions on Monday to discuss issues such as the launch of bitcoin.
According to a Twitter thread following a tweet about the meeting “discussing financial inclusion, the digital economy, banking the unbanked, the launch of #Bitcoin and its benefits in our country,” some of the banks expected to meet with Bukele include: Bank of Rwanda, Sako Societies Regulatory Authority (SASRA) Kenya, Central Bank of Egypt, Central Bank of Nigeria and Maldives Monetary Authority, etc.
Tomorrow, 32 central banks and 12 financial authorities (44 countries) will meet in El Salvador to discuss financial inclusion, digital economy, banking for the unbanked, #Bitcoin launch and its benefits in our country.
— Nayib Bukele (@nayibbukele) May 16, 2022
The central banks and regulators Buchler mentioned are mainly from developing countries, especially Africa.
At the time, it was clear that a meeting was taking place to discuss Bitcoin, or whether there were other issues to discuss.
However, Bukele’s tweet did not surprise the world, as a person under the Twitter account “Bitcoin Beach” had said that several countries were flying to El Salvador, about five days after the president tweeted.
El Salvador and Bitcoin
El Salvador, the first country to make bitcoin legal tender, recently took advantage of the BTC price drop to buy 500 bitcoins.
Salvador just bought the dipping sauce! 🇸🇻
500 coins with an average USD price of around $30,744 🥳 #Bitcoin
— Nayib Bukele (@nayibbukele) May 9, 2022
In addition to making BTC the country’s legal tender, El Salvador has amassed over 2,000 bitcoins, worth over $60 million at current bitcoin prices.