Copy link
Increase text size
Decrease text size
Link copied

20 new Bitcoin Schools to be funded by surplus from El Salvador’s BTC Trust

El Salvador's next BTC-related project aims to promote cryptocurrency education for locals and will be funding using profits made from the crypto asset.

Palacio Nacional de El Salvador / Image by: Wikimedia Commons

Thu, 04 Nov 2021, 04:22 am UTC

After granting legal tender status to Bitcoin earlier this year, El Salvador has been going all out to promote the use of the crypto in the country. In fact, its next BTC-related project aims to promote cryptocurrency education for locals and will be funding using profits made from the crypto asset.

The El Salvador government plans to build 20 new schools that will be funded using profits from the state’s Bitcoin Trust account, according to Cointelegraph.” When this project was started, we had not made as much money in FIDEBITCOIN [state BTC Trust account] as we have made now. So we have decided to make the first 20 Bitcoin Schools.”

El Salvador bought the dip when it purchased 420 BTC when the crypto’s price fell below $59,000. This brings the country’s total Bitcoin holdings to 1,120 BTC purchased at an average price of $53,300 and worth around $70 million at the current price.

Plans for building the new schools were also announced via live tweets from the office of President Nayib Bukele’s Casa Presidencial Twitter account as part of an event laying the first stone of a $4 million veterinary hospital funded from the Bitcoin Trust.

“I want to announce that with a few million that we have left from the profits of bitcoin we are going to build the first 20 schools, fully equipped and modern,” Bukele said via a Casa Presidencial tweet, according to Business Insider.

According to local media outlets, the 20 new Bitcoin schools will expand crypto education among citizens and are part of the planned 400 schools for the government’s “My New School” program. Last year, the Central American Bank for Economic Integration approved $200 million to finance El Salvador’s education expansion incentive.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Chloe
  • 2021.11.13 00:12:26
Hello my name is Chloe Elizabeth I'm from USA i want to testify of a great and powerful spell caster my husband left me and the kids for 2 weeks when i called him he didn't pick up when he came back home the 3rd week he told me he wanted a divorce i was so sad i cried all night he left again i was so lonely the next day i was searching for something online when i found a spell caster called Dr Osasu who have helped so many people with their problems so i contacted him with my problems he told me it will take 24hrs and my husband will be back to me i did everything he told me to do and the next day my husband came back kneeling and begging he canceled the divorce we are now happy together Dr Osasu can help you too Email him at

([email protected])

Website> https://drosasusolutionhome.com

WhatsApp +2347064365391
  • 0
  • ·
  • 0
More
  • Bitcoin (btc) $48,905.00 (-0.84%)
  • Ethereum (eth) $4,142.77 (+0.81%)
  • Binance Coin (bnb) $554.13 (-2.41%)
  • Tether (usdt) $1.00 (+0.13%)
  • Solana (sol) $189.77 (-8.41%)
  • Bitcoin (btc) $48,905.00 (-0.84%)
Jul 15, 2021 (Thursday)
13:30
BTC Surges by 1.16% Within 5 Mins, Marking 31,824.01 USDT
12:06
BTC Surges by 1.12% Within 5 Mins, Marking 32,104.8 USDT
10:25
BTC Drops by 1.03% Within 5 Mins, Marking 32,171.88 USDT
02:13
TriumphX Scouts 'MINAMCOMPANY' CEO Woo-Seong Lee As Creative Director
02:00
ETH Tops List Of Crypto Net Inflow With $298.96 Mln In Past 10 Hours
Jul 14, 2021 (Wednesday)
13:14
BTC Surges by 1.03% Within 5 Mins, Marking 32,738.08 USDT
09:03
BTC Surges by 1.01% Within 5 Mins, Marking 31,899 USDT
02:30
Crypto Market Sentiment On Jul 14: Market In "Extreme Fear"
02:00
ETH Tops List Of Crypto Net Outflow With $224.97 Mln In Past 10 Hours
Jul 13, 2021 (Tuesday)
02:30
Crypto Market Sentiment On Jul 13: Market In "Extreme Fear"
02:00
ETH Tops List Of Crypto Net Outflow With $178.61 Mln In Past 10 Hours
Jul 12, 2021 (Monday)
02:30
Crypto Market Sentiment On Jul 12: Market In "Extreme Fear"
02:00
BTC Tops List Of Crypto Net Inflow With $164.82 Mln In Past 10 Hours
Jul 11, 2021 (Sunday)
21:31
BTC Surges by 1.02% Within 5 Mins, Marking 34,475.6 USDT
10:00
ETH Tops List Of Crypto Net Inflow With $122.76 Mln In Past 18 Hours
06:17
SOBA Listed On LATOKEN
02:30
Crypto Market Sentiment On Jul 11: Market In "Extreme Fear"
02:00
BTC Tops List Of Crypto Net Outflow With $87.56 Mln In Past 10 Hours
Jul 9, 2021 (Friday)
21:40
BTC Surges by 1.08% Within 5 Mins, Marking 33,911.8 USDT
02:30
Crypto Market Sentiment On Jul 09: Market In "Extreme Fear"
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft