Elon Musk hosted Nayib Bukele, President of El Salvador, at Tesla’s manufacturing facility in Austin, Texas, the place the 2 mentioned the societal impacts of rising applied sciences like synthetic intelligence (AI) and robotics.
A video that Bukele shared on X (previously Twitter) on September 21 exhibits Musk warmly greeting the president and giving him a tour of the power.
Musk responded to the put up by praising Bukele as a frontrunner and highlighting the significant discussions that they had.
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El Salvador, recognized for adopting Bitcoin (BTC) as a authorized tender three years in the past, is now increasing its focus to applied sciences like AI as a part of its plan to scale back reliance on the US greenback and diversify its financial system. Bukele’s imaginative and prescient behind this initiative centered on growing monetary inclusion and attracting tech-based monetary companies to the nation.
Nonetheless, whereas the nation has earned over $31 million from its Bitcoin transfer, Bukele has acknowledged that Bitcoin adoption has been slower than anticipated. Massive companies like McDonald’s settle for it, however nationwide utilization is just not as widespread as the federal government had hoped.
In one other transfer to make El Salvador a hub for crypto, they launched a certification program to supply Bitcoin-related coaching to 80,000 public sector staff. This program goals to raised equip authorities employees to deal with Bitcoin coverage successfully.
The assembly between Musk and Bukele highlights their shared curiosity in expertise’s function in shaping the longer term as El Salvador continues its push for digital transformation.
Gode is a Web3 Market Analyst who researches a very powerful business occasions and interprets how they have an effect on the broader Web3 house. Her formal schooling in media tradition & digital rhetoric permits her to make use of a methodical strategy to evaluating essential Web3 information knowledge, together with large-scale occasions and the broader social sentiment inside the ecosystem.
Gode is a mutilingual skilled, having studied in a number of universities all throughout Europe. This enables her to have a one-of-a-kind alternative to investigate Web3 social sentiments spanning totally different cultures and languages and, in flip, develop a a lot deeper understanding of how the Web3 house is rising inside totally different communities. With the remainder of her crew, Gode works to determine essential crypto information patterns and supply unbiased and data-driven info.
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