Columbian President Embraces Bitcoin

Welcome to the Precious Metals Bug Forums

Welcome to the PMBug forums - a watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more. You can visit the forum page to see the list of forum nodes (categories/rooms) for topics.

Why not register an account and join the discussions? When you register an account and log in, you may enjoy additional benefits including no Google ads, market data/charts, access to trade/barter with the community and much more. Registering an account is free - you have nothing to lose!

pmbug

Your Host
Administrator
Benefactor
Messages
14,480
Reaction score
4,559
Points
268
Location
Texas
United-States
Colombian President Gustavo Petro is said to be a Bitcoin owner. This comes after President Petro met with a delegation led by Samson Mow, founder of JAN3, a company at the forefront of Bitcoin nation-state adoption.

The conference, as reported by local media and social media, is a crucial step towards exploring the integration of Bitcoin and blockchain technology into Colombia’s socioeconomic fabric.
...
The CEO, Samson Mow, has given the Colombian president 100,000 sats worth of BTC. Following this, President Petro issued a message in which he stated that the technology behind crypto has the potential to benefit Colombians. ...
...
On the occasion of owning BTC, President Petro stated that he would launch the formation of working groups in government and grassroots areas wherever the technology is beneficial to the economy. ...

According to local media outlets Diario La Repblica and W Radio, President Petro is looking into the usage of Bitcoin in the national economy through cooperatives. The president is also investigating the use of blockchain technology in other governmental sectors, including health billing, Special Assets Society (SAE) management, and land restitution processes.
...

More:

https://www.msn.com/en-us/money/com...nt-petro-joins-bitcoin-revolution/ar-AA1kPV6i

Very early stages of interest. BTW, Satoshi is a commonly used name for a fraction of a Bitcoin (it is not a distinct/different thing). 1 Bitcoin = 100M satoshis, so Mow gave President Petro 0.001 Bitcoin (worth approximately $39.50 currently).
 
Back
Top Bottom