Blogs

Bukele donates 2 Bitcoin towards building 1,000 schools in Honduras

Oct 24, 2024 | World

October 24, 2024

El Salvador’s President Nayib Bukele recently donated two Bitcoin (approximately $133,000) to support the construction of 1,000 schools in Honduras. The donation, made from Bukele’s personal wallet, was handed to Shin Fujiyama, founder of Students Helping Honduras, an organization focused on reducing poverty through education. This contribution aligns with Bukele’s ongoing advocacy for Bitcoin, which he made legal tender in El Salvador in 2021.

While Bukele continues promoting Bitcoin, its adoption in El Salvador remains low. A recent survey found that only 7.5% of Salvadorans use cryptocurrency for transactions, with just 1.3% supporting Bitcoin’s role in the country’s future. Despite this, 58% of respondents expressed confidence in Bukele’s leadership, particularly regarding economic and security improvements. Bukele’s pro-Bitcoin policies have faced international criticism, including from the IMF, which urged limits on public sector exposure to Bitcoin.

Did you like this article?

Did you like this article?

0 Comments

Latest Posts

Toronto Clocks Move Forward March 8 as Daylight Saving Time Begins

Toronto is about to “spring forward.” At 2 a.m. on March 8, clocks across much of Canada — including Toronto — will move one hour ahead as daylight saving time begins. The seasonal shift is designed to make better use of daylight during the warmer months by pushing...

Canada Releases Limited-Edition Coins for the 2026 FIFA World Cup

With the 2026 FIFA World Cup set to kick off this summer, the Royal Canadian Mint has unveiled a collection of limited-edition commemorative coins celebrating the global tournament. The collection includes six unique designs made from silver and pure gold, each...

The Palenqueras of Cartagena: A Living Legacy of Freedom and Culture

Walking through the streets of Cartagena, one of the most recognizable sights is the palenqueras — Black women dressed in vibrant dresses and head wraps, carrying bowls of fruit and sweets on their heads. For many visitors, they are a symbol of the city’s colorful...

Events

Related articles