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Central America's Biggest Multilateral Development Bank to Help El Salvador with Bitcoin Implementation

u.today 14 June 2021 17:10, UTC
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The Central American Bank for Economic Integration (CABEI), the largest multilateral development bank in Central America, will assist El Salvador in its endeavor to adopt Bitcoin, President Dante Mossi announced Monday.  

It will create a team with El Salvador’s Ministry of Commerce and the Central Reserve Bank of El Salvador that will work

According to Mossi, Bitcoin will create “many opportunities” for the tropical nation:       

Bitcoin is a really big deal for the El Salvadorans, and we're really proud that they've made us part of this new policy.

Considering that CABEI has $13.5 billion in assets, its strong support could encourage other nations in Central America to follow El Salvador’s suit.

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