El Salvador’s president, Nayib Bukele, has donated bitcoin (BTC) worth approximately $133,000 to support the construction of 1,000 schools across Honduras.
El Salvador Embraces BTC for Goodwill
Shin Fujiyama, a prominent philanthropist and founder of Students Helping Honduras, a non-profit dedicated to combating poverty through education, received the donation.
One of the key objectives of Students Helping Honduras is to improve young students’ digital literacy, prepare them for the future job market, and empower them with the skills necessary to thrive in the digital economy.
Fujiyama expressed his gratitude to President Bukele for the generous donation and shared how the president’s dedication to Bitcoin has inspired him.
The donation shows that Bukele remains dedicated to integrating BTC into daily life and utilizing it for social good despite El Salvador’s obstacles in adopting the crypto asset.
Promoting BTC Adoption
Bukele is well-known for his efforts to integrate BTC into El Salvador’s economy. His commitment to the digital asset has led the county to purchase one bitcoin daily.
Since declaring Bitcoin legal tender in 2021, Bukele’s administration has taken several steps to boost crypto adoption, with countries like Argentina partnering with the Central American country to advance the adoption of Bitcon.
In line with the country’s successes in Bitcoin adoption, early this year, El Salvador mined 474 BTC, valued at approximately $29 million, using volcanic geothermal energy.
The country allocated 1.5 megawatts (MW) of the 103 MV, the state-owned power plant produced for crypto mining.
On August 21, 2024, El Salvador announced plans to train and provide Bitcoin instruction and certifications to 80,000 public servants.
The certification program aims to equip public servants with comprehensive knowledge of Bitcoin, blockchain technology, and the strategic management and public policies surrounding Bitcoin.
The country has also launched a website to openly share details about its Bitcoin treasury holdings, demonstrating its commitment to transparency and accountability.
The site operates on a custom instance of Mempool, one of the most widely used Bitcoin block explorers.
