Key Points:
To raise funds to help build 1,000 schools throughout Honduras, Bukele donated 2 Bitcoin, worth around $133,000, in the country’s more significant effort to meet the needs for educational infrastructure.
Bitcoin donation has been widely applauded because it underlines not only Bukele’s interest in cryptocurrency but also his concern for education and regional development. Bukele is one of the more well-known pro-Bitcoin presidents and has made El Salvador the first country to make Bitcoin legal tender, a move that has raised the temperature in discussions around the world about the place of cryptocurrencies in modern economies. And now, this latest act of philanthropy sets him fast in his belief of Bitcoin as a force for good.
Read more: Nayib Bukele Net Worth: The Bitcoin Enthusiast President
The money from Bukele’s Bitcoin donation will fund the building of much-needed educational facilities in the poorest regions of Honduras. Many communities currently have to deal with inadequate schooling facilities, which ultimately has a profound impact on attendance and quality of education. The project involves building 1,000 schools, which will likely bring a long-lasting change in the Honduras education system.
In a statement to the public, President Bukele talked about education shaping Central America’s future. He said: Hopefully, this Bitcoin donation will set the seed for other leaders and billionaires to make similar donations, and now that we are adopting Bitcoin and other cryptocurrencies, we can make that happen.
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