LATEST: El Salvador’s President Bukele Gives Two Bitcoins for 1,000 Honduran Schools

El Salvador’s President Nayib Bukele, a prominent advocate of Bitcoin, has recently donated two Bitcoins, valued at approximately $133,000, to aid the construction of 1,000 schools in Honduras. The recipient, philanthropist Shin Fujiyama, founder of Students Helping Honduras, is dedicated to combating poverty via educational projects. Fujiyama, who is currently engaged in a 3,000-kilometer charity run to fund this initiative, praised Bukele’s support in an emotional video, highlighting the impact of such contributions on the community’s future.

This gesture aligns with Bukele’s strategic push to incorporate Bitcoin into El Salvador’s economic framework, having legalized it as tender in 2021. The president’s consistent efforts to use Bitcoin for positive societal change underline his commitment to leveraging cryptocurrency for broader economic and humanitarian benefits.

Despite facing hurdles in Bitcoin’s domestic integration, Bukele’s administration continues to champion its potential, underscoring a firm policy to purchase one Bitcoin daily. This recent donation is not just a testament to Bukele’s faith in cryptocurrency but also a significant boost for educational development in neighboring Honduras.

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