The donation was made to Shin Fujiyama, a renowned philanthropist and founder of Students Helping Honduras, an organization dedicated to fighting poverty through education. Fuji is currently running a 3,000-kilometre charity run to raise money for a school building project. The philanthropist thanked Nayib Bukele for the donation, expressing admiration for his commitment to Bitcoin.
El Salvador became one of the first countries to recognize Bitcoin as legal tender in September 2021. By law, all businesses in El Salvador are required to accept Bitcoin as payment, along with the US dollar. To facilitate the adoption of the first cryptocurrency among the local population, the government of El Salvador launched the Chivo wallet and distributed $30 in BTC to local residents.
El Salvador is implementing several more Bitcoin mining projects using geothermal energy from volcanoes. This initiative aims to address environmental issues associated with cryptocurrency mining. In May, the State Office of Bitcoin in El Salvador (ONBTC) reported that the mining center located near the Tecapa volcano had mined 473.5 BTC since 2021.
The El Salvador government is focusing on educational programs to increase public awareness of Bitcoin and blockchain technology. In August 2023, the Salvadoran Bitcoin Beach community began teaching local schoolchildren how to make transactions with Bitcoin, and this year the El Salvadoran authorities obliged officials to study Bitcoin as well.
Source: Bits
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