The Friendly Bear

082: El Salvador Bitcoin Currency, Bitcoin City, Chivo Wallet & President Nayib Bukele's Big Picture Plans

January 02, 2022 David @Reverse_Long Season 2 Episode 82
The Friendly Bear
082: El Salvador Bitcoin Currency, Bitcoin City, Chivo Wallet & President Nayib Bukele's Big Picture Plans
Show Notes

As we begin the new year of 2022, The Friendly Bear takes a flight out to visit San Salvador, El Salvador for the final week of 2021 to see first hand what is going on with the fuss about Bitcoin. On September 7, 2021 El Salvador became the first country in the world to recognize Bitcoin as legal tender. Soon after, President Nayib Bukele mandated that all business accept Bitcoin as payment through the government Bitcoin app, Chivo Wallet, which included a $30 deposit from the government of El Salvador to encourage usage.  In this podcast David also goes over the President's plans to create a Bitcoin city tax haven along the edge of an active volcano among other Bitcoin related experiences he had while in El Salvador.

Websites & tools mentioned in the podcast episode:
Chivo Wallet (Bitcoin app for Salvadorian Nationals)
Bitcoin City Article

Social media:
David Capablanca
Twitter: @Reverse_long
Instagram: @Reverse_long
YouTube: Friendly Bear Research