The businessman commented that “the adoption of Bitcoin in El Salvador is progressing quite well”.

Former Blockstream executive and Bitcoin (BTC) promoter Samson Mow commented that Central American countries would already be more than ready for the adoption of said cryptocurrency as legal tender.

The famous promoter of Bitcoin, pointed out in an interview with Bloomberg, the growing possibility that more countries adopt the cryptocurrency as legal tender. The businessman also commented that “the adoption of Bitcoin in El Salvador is progressing quite well”, given that it is not a race but a marathon.

After the recent anniversary of the official adoption of Bitcoin as currency in El Salvador; -an anniversary that has not been exempt from comments, uncertainties, and criticism- Mow provides a completely positive comment on the process of adopting Bitcoin in the country.

And as if that were not enough, it expands it to the rest of the Central American territory, considering that these countries have already reached a certain maturity to guarantee a growing adoption. Regarding the outstanding Bitcoin bonds in El Salvador, Mow argued that it would only be a matter of time, given that the country has been hit with a whole series of unpredictable events.

Samson Mow and his Predictions in Favor of Hyperbitcoinization

Samson Mow is known for his commitment to accelerating hyperbitcoinization in El Salvador and the rest of Central America. He is also the architect of Bitcoin bonuses. About he highlighted at the beginning of the year that it has a high level of potential demand and that a project as peculiar as the Volcano Bonds has a high probability of success if it is carried out correctly:

“The bond market is massive, and there is an entire financial system waiting to be connected to Bitcoin, that is the bridge to Hyperbitcoinization. We can do securities with Bitcoin, Bonds with Bitcoin, and real estate operations with Bitcoin.”

In addition to such participation, Mow stands out for having contributed the idea of ​​El Salvador and Central America as examples to be followed by the rest of the world.

In an interview with Kitco news in May, Mow went so far as to cite the recent BTC adoption surprises in Panama and the Central African Republic, assuring that these “are just the beginning” of a number of countries that will soon add BTC to their economic legislation.

“I think definitely within this year we may see another country appear. In fact, I am also working in several countries, with Bitcoiners to measure the ground in different places. There are two paths here. One is actively pushing Bitcoin; the other path is natural adoption where (countries) find out for themselves and say ‘Okay, we’re going to use Bitcoin’. Our prospects look good this year.”

In regards to the adoption of cryptocurrencies such as Bitcoin by countries around the world, there are some who feel that Bitcoin can potentially provide significant benefits by increasing financial services access and overcoming social trust issues in developing nations. Essentially, some people consider Bitcoin as a medium for supporting the economic growth process in third-world countries, thus presumably providing better funds’ traceability while boosting financial inclusion.

By Audy Castaneda

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