- IOHK CEO Charles Hoskinson has requested to visit El El Salvador.
- Hoskinson is hoping to meet with El Salvador President Nayib Bukele.
- Also, if successful El Salvador will the second country IOHK partners with.
Cardano founder and IOHK CEO Charles Hoskinson is working on launching a Cardano smart contract platform in El Salvador. Hoskinson also shared that he has completed the application process to go to El Salvador for a state visit.
The blockchain legend stated,
We have submitted all the documents and requests for a state visit to El Salvador, and if it goes through, we will meet the President of El Salvador. After consulting with officials from some political parties and authorities in El Salvador, they have decided to go beyond Bitcoin legalization and digitize the country. He showed a clear interest in it.
The news comes in the wake of El Salvador recently making history. The nation became the first country in the world to adopt Bitcoin as legal tender. Specifically, El Salvador is set to start formally using BTC on September 7 this year. As such, the El Salvador government is working on easing the transition.
As a result, the nation has been implemented several incentives to encourage crypto use. For example, the state is hosting a $30 bitcoin giveaway. The giveaway is available to all citizens who download the e-wallet. As such, Hoskinson is keen on working with the country to achieve its digitization goals.
Also, IOHK has been aggressively working to expand the Cardano ecosystem. To this end, IOHK partnered with Ethiopia to create a national identity solution. The partnership aims to create a blockchain-based database for the Ethiopian education sector.
Ethiopia has over 5 million students and about 750,000 teachers. Also, the project aims to help the country eliminate false personal credentials. The deal is one of the largest blockchain deployment projects to date.
However, despite the interest in digitalizing the country, El Salvador President Nayib Bukele has stated that the country has no plans to adopt any altcoins as legal tender. The president also shared that having two legal tenders is hard enough. As such, altcoin adoption is off the table for now.
El Salvador will also allow businesses to choose their preferred method of payment. Previously, the state intended to make it mandatory for businesses to accept crypto payments. Clearly, the South American country is realizing that crypto adoption is not as easy as initially expected.