As the key Alliance for Financial Inclusion meeting kicks off, El Salvador’s President is using his address to promote crypto adoption.
32 central banks and 12 financial officials, all representing emerging economies are attending the event.
The President’s address will cover financial inclusion and the digital economy, and how El Salvador has benefited from being the first country in the world to adopt bitcoin as legal tender back in 2021.
Other countries attending include Paraguay, Haiti, Costa Rica and Ecuador in Latin America, plus Palestine and Pakistan in Asia.
The AFI has just resumed its in-person meetings following two years of Covid disruptions.
The event’s policy director says El Salvador has successfully harnessed digital financial services as the nation attempts to promote bitcoin among developing countries.
“It is a watershed moment in the country’s efforts to increase unbanked people’s access to, usage of, and quality of financial services.”
