El Salvador has partnered with Israel and will help the country work better with cryptocurrency systems in the future. According to the view of the Latin country, the search for partnerships can be fundamental to attract more foreign investment to the place. Since 2021, El Salvador has become a global highlight by adopting bitcoin as its currency. This allows its population to use it in everyday life without worries, whether in commerce or any other consumer relationship. In addition, bitcoin was added by the local government to the country’s treasury, being the first to call the digital currency a store of value with support in its legislation. For the future, the country expects bitcoin to be a fundamental part of its economic growth.
El Salvador will teach Israel how to work with cryptocurrencies
Known for being the first to adopt bitcoin, El Salvador has, in less than a year, shown itself willing to teach authorities in other countries how to work with the technology. In recent days, for example, 44 members of central banks and financial authorities have visited the country for a bitcoin immersion. Before that, agents of the Brazilian Federal Police went to the small Central American country to study the currency at an international event on the subject. Last week, the representative of the Salvadoran Ministry of Economy (MINEC), María Luisa Hayem, went to Israel to talk to local authorities and seek partnerships for her country. “On the first day of my official visit to the State of Israel, I held working meetings with heads of the Ministry of Science and Technology, the Ministry of Foreign Affairs, the Ministry of Economy and representatives of the International Agency for Development Cooperation, the Israeli Authority for Innovation and the Hebrew University, specifying cooperation on issues of innovation, trade and investment.” According to the minister, one of the partnerships was with the Hebrew University, which she signed an agreement that includes the exchange of knowledge. Thus, students will be able to strengthen their centers of innovation and entrepreneurship, as well as participate in the International Internship Program of the Salvadoran Cooperation Agency. One of the areas that Israeli students will be able to learn more is precisely the creation of cryptocurrency systems, as well as economic development.
Minister spoke at Israeli cryptocurrency event
On her official Twitter, María said that she spoke at the Israel Crypto Conference 2022 event, showing what paths El Salvador is taking to evolve in financial technology.
An honor to participate as a ponent in la #IsraelCryptoConference 2022. I shared about the route that 🇸🇻 is following to highlight in the field of financial technology. pic.twitter.com/2ObKupm9bJ
— María Luisa Hayem 🇸🇻 (@MariaLuisaHayem) May 26, 2022
This shows that El Salvador has shown the world what the symbiotic relationship with bitcoin is like, after being the first country to bet its future on digital currency. It is worth remembering that the Minister of Economy of El Salvador already explained about Bitcoin in Brazil, when she spoke with authorities in Curitiba in 2021.
