Nayib Bukele says 44 countries to meet in El Salvador to discuss bitcoin

Nayib Bukele, the president of El Salvador, tweeted late Sunday that 44 countries will meet in El Salvador on Monday to discuss bitcoin, among other things.

"Tomorrow, 32 central banks and 12 financial authorities (44 countries) will meet in El Salvador to discuss financial inclusion, digital economy, banking the unbanked, the #Bitcoin rollout and its benefits in our country," wrote Bukele.

Those central banks and authorities are primarily from developing countries, including Nigeria, Egypt, Nepal, Pakistan, Bangladesh, Kenya, Uganda, Rwanda, Paraguay, Angola, Guinea and Madagascar.

It is unclear whether these countries are meeting explicitly to discuss bitcoin or what the full agenda is.

Bukele's tweets come a day after the Twitter account "Bitcoin Beach" said several countries are flying to El Salvador, officially confirming the meeting. The Bitcoin Beach account describes itself as "the little community that helped Orange Pill the world's first Bitcoin nation" in its Twitter bio.

El Salvador became the first nation to adopt bitcoin as a legal tender last September. It also holds the cryptocurrency on its balance sheet, having accumulated over 2,000 bitcoins to date (worth over $60 million at current prices).

About Author

Yogita is a senior reporter at The Block and covers all things crypto. Before joining The Block, Yogita worked for CoinDesk and The Economic Times. She can be reached at [email protected] Follow her on Twitter @Yogita_Khatri5.