Since Bitcoin was declared legal tender in El Salvador, it has left a positive and hopeful mark, according to several key players.
El Salvador is celebrating the second anniversary of the Bitcoin Law today, the landmark and controversial legislation that made the cryptocurrency legal tender on September 7, 2021.
For some, the Law represents hope, and driven by their shared ideas, they are forming communities with the goal of moving towards an economy based solely on peer-to-peer electronic cash.
In two years, two new Bitcoin citadel projects have emerged in the city of Berlin and on La Pirraya Island. They drew inspiration from El Zonte, where a community set a model for boosting adoption. With the same enthusiasm, the Non-Governmental Organization (NGO) Mi Primer Bitcoin has established an archetype for digital currency education. Its method has been used to educate over 25,000 Salvadorans and is taught in nearly 20 countries through its network of educators.
In El Salvador, there is also an ambitious vision to leverage Bitcoin mining to boost the economy and attract investments. Among other projects, a plan has been launched to train young Salvadoran university students as Bitcoin and Lightning network developers.
So far, it is clear that the Bitcoin Law has driven multiple changes in El Salvador for the better.