Altcoin News by Thebittimes.Com

Stablecoin issuer Tether is making a strategic investment in energy production and Bitcoin mining to support El Salvador’s adoption of BTC. Stablecoin issuer Tether (USDT) has reached into its own war chest to  invest in El Salvador’s $1 billion renewable energy project to help drive Bitcoin (BTC) adoption in the Central American nation. The firm responsible for issuing USDT across cryptocurrency markets is one of a handful of companies invest ing in El Salvador’s renewable power generation project. Volcano Energy is set to generate electricity from solar and wind energy in El Salvador to power future Bitcoin mining operations in the country. The planned 241-megawatt (MW) renewable energy park is the latest move in El Salvador’s Bitcoin adoption drive after the country made BTC legal tender back in 2021. Cointelegraph caught up with Tether CTO Paolo Ardoino during Money 20/20 in Amsterdam in June 2023. Attending the renowned finance and payments convention promoting Bitfinex Pay and...

Rome wasn’t built in a day, and it will also take some time for every country on Earth to adopt BTC. Source: https://thebittimes.com/global-bitcoin-adoption-is-still-in-its-infancy-but-here-s-how-it-might-accelerate-tbt25719.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blogger_cam Category: Bitcoin News Post by: TheBitTimes.com

The state official reportedly used his own funds to pay for the trip, which included discussing Bitcoin with government officials and exploring financial literacy programs. Curtis Loftis, the treasurer for the U.S. state of South Carolina, spent five days in El Salvador as part of an “exploratory trip” on cryptocurrencies. According to an Oct. 5 announcement, Loftis was part of a delegation including South Carolina business leaders, rural health officials, and individuals “interested in the expansion of cryptocurrency and blockchain technologies” who met with officials from El Salvador’s government in an effort to understand the country’s efforts to adopt Bitcoin (BTC). The cryptocurrency has been legal tender alongside the U.S. dollar in the Central American nation since El Salvador’s Bitcoin Law went into effect in September 2021. Loftis reportedly used his own funds to pay for the trip, which included discussing Bitcoin with government officials and exploring the country’s financ...