Bitcoin has been struggling in recent times to set up a new growth wave, making the investor community increasingly bewildered. But, on the macro side, Bitcoin adoption in Latin America is exploding, starting with El Salvador, Paraguay and now Panama.
On June 6, El Salvador became the first country in the world to accept Bitcoin as a legal payment method. This ushered in a huge wave of cryptocurrencies in Latin America, driving Bitcoin development and consensus to a new level.
See more: Bitcoin Becomes Legal Currency in El Salvador – What’s the Impact on the US?
El Salvador is not alone on this journey. Just a day later, Paraguayan congressman Carlitos Rejala updated his profile picture on Twitter adding a laser eye, a symbol of pro-Bitcoin. Along with that is a post with the intention of accompanying El Salvador on the cryptocurrency train.
Como ya lo decía hace un buen tiempo, nuestro país necesita avanzar de la mano de la nueva generación.
Llegó el momento, nuestro momento.
Esta semana empezamos con un proyecto importante para innovar a Paraguay frente al mundo!
— Carlitos Rejala (@carlitosrejala) June 7, 2021
As I said a long time ago, our country needs to move forward with the new generation. Our moment has come. This week we will start with an important project to innovate Paraguay in front of the world!
Besides, Panamanian congressman Gabriel Silva also commented on El Salvador’s move to adopt Bitcoin and urged Panama to do the same. Silva said that Panama cannot be left behind and that the country must support cryptocurrency to become the center of technology.
Estos importante. Y Panamá no se puede quedar atrás. Si queremos ser un verdadero hub de tecnología y emprendimiento tenemos que apoyar las criptomonedas
Estaremos preparando una propuesta para presentar en la Asamblea. Si están interesados en construirla me pueden contactarte https://t.co/yiAzPpD9nj
— Gabriel Silva (@gabrielsilva8_7) June 7, 2021
This is very important. Panama cannot be left behind. If we want to be a true startup and tech hub, we have to support cryptocurrencies. We will prepare a proposal to present at the council. If you are interested in building and developing, you can contact me.
With the current strong support coming from Latin American countries, we can fully hope for a brighter picture for Bitcoin, especially when it is officially legalized like El Salvador, the impact can be spread to other regions or even the United States in the not-too-distant future.
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