Galoy, the Bitcoin banking solution for companies and communities, announced today that “Adopting Bitcoin — A Lightning Summit in El Salvador” will be held in San Salvador and El Zonte from November 16 to 18, 2021. This three-day conference will bring Bitcoin and Lightning Network developers and educators together with civil society, businesses and institutions in El Salvador. The ultimate goal is to foster a successful adoption of Bitcoin as legal tender in the Central American country.
Background
On June 8, 2021, the legislative assembly of the Republic of El Salvador followed through on the prior announcement of President Bukele, and passed “La Ley Bitcoin” (The Bitcoin Law). The promulgation of the law on September 7 will mark a sensational first for both El Salvador and the Bitcoin Network.
In the weeks following the announcement, developers and educators from the global Bitcoin community visited El Salvador and the town of El Zonte, also known as “Bitcoin Beach”. They spoke with local Bitcoiners, civil society and businesses to understand the challenges on the path to Bitcoin adoption in the country. It is based on this feedback that the Bitcoin community will convene in El Salvador, and work towards real results during the conference.
Nicolas Burtey, Co-founder of Galoy: “It is important to acknowledge that there is a small team in a small village — known as “Bitcoin Beach” — that sparked this whole development. The community leaders of El Zonte pioneered the implementation of Bitcoin payments through Lightning. Today, we are working towards the broader adoption of Bitcoin across El Salvador. I am grateful to be a part of this opportunity. We are not only continuing the dialog with Salvadorian society and businesses, but also bringing real input to the Lightning Network itself through onboarding a country to the Bitcoin standard.”
“Adopting Bitcoin — A Lightning Summit 2021” from November 16 to 18, 2021 under the aegis of Galoy takes place in two outstanding venues:
- The Sheraton Presidente Hotel & Resorts San Salvador, Avenue La Revolucion, Col. San Benito
- Bitcoin Beach, El Zonte
Contact:
Kemal Yaşar
Head of Communications
Galoy, Adopting Bitcoin
Mail: kemal@ideasarelikeflames.com
About Adopting Bitcoin
Adopting Bitcoin — A Lighting Summit 2021 brings together the Bitcoin and Lightning Network communities with local actors in El Salvador to work on the mission to adopt Bitcoin successfully. The conference is not-for-profit and all proceeds will be donated to Lightning Network development.
More information: adoptingbitcoin.org
Twitter: @AdoptingBTC
About Galoy
Galoy offers Bitcoin ‘Banking-as-a-Service’ (BaaS) products for communities and companies around the world, built on Lightning. The B2B company builds secure and robust solutions for clients — including towns, governments, banks and companies of all sizes — to provide innovative financial services to their existing retail customers and members.
More information: galoy.io
Twitter: @GaloyMoney