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Samson Mow Shares New ‘Job Description’ for Central Bankers

Samson Mow Shares New ‘Job Description’ for Central Bankers Market News
  • 32 central banks and 12 financial authorities from 44 different countries will meet on Monday May 16 in El Salvador.
  • Central bankers are lining up to get help downloading and using the Bitcoin Beach Lightning wallet.
  • Samson Mow encourages connectivity to the Blockstream Satellite network.

El Salvador’s President Nayib Bukele announced in a Tweet late on Sunday night that 32 central banks and 12 financial authorities from 44 different countries will meet on Monday May 16 in El Salvador.

The group plans to discuss financial inclusion, digital economy, banking the unbanked, El Salavor’s Bitcoin rollout, and its benefits in the country.

The day after the group came together, Bitcoin Beach shared in a Tweet that “central bankers are lining up to get help downloading and using Bitcoin Beach Lightning wallet.”

Bitcoin Beach is a small coastal town in El Salvador called El Zonte that has created a bitcoin economy. El Zonte is also one of the first places in the world where bitcoin can be used to pay for almost anything.

Mike Peterson, a former financial planner who moved to El Salvador, is the man behind the project. Peterson’s vision for the project was for vendors to accept the currency, then pay their employees in it, which the employee could use to pay for things like utilities electronically.

In reply to Bitcoin Beaches’ tweet, Samson Mow—who is well known for his work on El Salvador’s Bitcoin strategy, tweeted “my new job description for central bankers operating under a Bitcoin standard,” is:

First “maintaining a quota of 75% full nodes in their country.” Secondly, “lightning channel liquidity management.” And finally, “ensuring connectivity to the Blockstream Satellite network.”

The Blockstream Satellite network broadcasts the Bitcoin blockchain around the world 24/7 for free, protecting against network interruptions and providing areas without reliable internet connections with the opportunity to use Bitcoin.

Danielle has a post graduate degree in Criminology. She is an active investor in the crypto space and is on a mission to learn more and share what she learns with the community.