Edward Snowden, facing Bitcoin adoption in El Salvador, tells other nations to hurry or they'll regret it
Edward Snowden, facing Bitcoin adoption in El Salvador, tells other nations to hurry or they'll regret it By Editor DailyBitcoin Journal

Edward Snowden applauds El Salvador but warns other countries not to delay in adopting Bitcoin as a legal currency. Another to speak out was Cardano

creator Charles Hoskinson.

In 2013, technology consultant Edward Joseph Snowden, then 29 years old, shook the world by leaking documents classified as secret in The Guardian and The Washington Post

newspapers about several programs of the main U.S. security agencies

.

Since then he has been on the run from U.S. justice, where he is wanted for “treason” and is considered by many to be an icon of freedom of the press.

Snowden constantly speaks out on public issues on Twitter. Several times, moreover, he has spoken about cryptocurrencies: although in 2020 he said he saw an opportunity to buy BTC, he has also criticized it, saying that Bitcoin’

s lack of privacy sucks”.

Snowden, Bitcoin and El Salvador

With 4.8 million followers, yesterday he was one of the influencers who spoke about the adoption of Bitcoin

as a legal currency in El Salvador.

These were his words

:

Today, Bitcoin was formally recognized as legal tender in its first country. Beyond the headlines, there is now pressure on competing nations to acquire Bitcoin, even if only as a reserve asset, as its design greatly incentivizes early adoption. Newcomers may regret hesitation

Snowden made this comment on a post by cryptojournalist Aaron van Wirdum, who said he was able to pay for his McDonald’s meal in San Salvador yesterday on Bitcoin and bragged about this fact on Twitter.

It is worth noting that in addition to McDonald’s, other franchises and companies such as Starbucks, Pizza Hut, iPhone, Nike, Movistar, among others, reported the acceptance of Bitcoin in El Salvador. But in addition, they had to do so, since the government made it clear that it is mandatory for all businesses to accept it, even if they then change the crypto to dollars. If they don’t, they will face legal sanctions.

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President keeps tweeting about Bitcoin and Chivo wallet

The president of El Salvador, Nayib Bukele, hasn’t stopped tweeting since yesterday about the adoption of Bitcoin as a legal currency in his country, giving plenty of hints to the citizenry. Today, for example, he has been making several announcements about the Chivowallet, which was under maintenance for several hours:

Likewise, he retweeted the story of a young man who invested the USD $30 he received in. Bitcoinand bought donuts and resold them:

He also said that the Chivo crypto walletwas dand first in the AppStore:

Hoskinson predicts nations will follow El Salvador

IOHK executive director and creator of Cardano, Charles Hoskinson, predicted that other countries could follow El Salvador’s example in the future. He said:

In the coming years, many more nation-states will use cryptocurrencies as part of their monetary policy (either as reserves in their central banks or using cryptocurrency rails for central bank settlements).

He added: “We, as an industry, won. Now we’re just sorting out the details of what it really means.”

You can watch his video here:

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Sources: Twitter, UToday, archive

Report by DiarioBitcoin

Image from Unsplash