El Salvador Host to ‘Adopting Bitcoin’ Conference in November

El Salvador, the first sovereign country to make Bitcoin legal tender on September 7 2021, will be hosting ‘Adopting Bitcoin’, a conference to promote Bitcoin adoption in the context of creating a freer and fairer financial system.

Held in San Salvador and Bitcoin Beach from November 15-17, the conference brings together the Bitcoin ecosystem for networking, learning, collaboration and creation.

The event will be organized by the banking platform that operates the Bitcoin Beach Wallet in El Salvador, Galoy Inc.

Three Days of Adopting Bitcoin

Furthermore the three-day long event is supported by digital token trading platform Bitfinex who serves as the main sponsor of the event. Bitfinex is working closely with the government of El Salvador to provide a financial technology platform for the issuance and trading of the proposed Volcano token.

The first two days of the event will take place at the Crowne Plaza Convention Center in San Salvador where more than 110 speakers from over 30 different countries will share the latest developments in various disciplines of Bitcoin, including technology and economics.

Day three of the event will take attendees on a field trip to Bitcoin Beach in El Zonte, the birthplace of Bitcoin adoption in the country.

CEO of Galoy, Nicolas Burtey, commented:

“Nobody expected a sovereign nation to adopt Bitcoin as legal tender in 2021. The move has changed public perception about both the country and the currency. El Salvador is now making strides to become the Singapore of Central America and a beacon for financial inclusion, while Bitcoin is proving itself as an excellent medium of exchange that can facilitate millions of daily transactions.”

Paolo Ardoino, CTO at Bitfinex, said:

“Bitfinex is proud to be a technology and exchange partner for the Salvadoran people in their historic journey towards financial freedom and to be a sponsor of educational initiatives aimed at increasing financial and technological literacy.”

El Salvador’s adoption of Bitcoin as legal tender has triggered some notable economic benefits in the country, not only for the gross domestic product (GDP) but also for the tourism industry.