Artificial Intelligence and Bitcoin Adoption Can Change a Country
Hello I hope you are well. It is not surprising that some countries want to adopt bitcoin as a currency for legal use, but if we add that these countries after the adoption of bitcoin will focus on improving the use of artificial intelligence, as announced yesterday by the president of El Salvador Nayib Bukele.
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What Bukele is looking for with artificial intelligence |
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For Bukele, artificial intelligence is one of the advances that have had the most impact in 2022 and so far in 2023, to put it this way, completely displacing blockchain technology. Celebrities in the tech world like Bill Gates think that AI is a “revolutionary” technological demonstration.
As it is already a real fact that the adoption of bitcoin is approved, it is worth noting that Bitcoin is a technology that improves the concept of money and a way to avoid sanctions, among other favorable aspects and totally outperforms the characteristics of existing systems (Banks). Therefore, companies in this sector can also benefit from the new proposals of Bukele (AI).
What President Bukele is looking for is for El Salvador to be at the same level as large European countries, both in technology and finance. Bukele is already taking shape.
Not to mention that this will generate many jobs in the labor sector, better salaries since the technology sector is one of the best paid in the world, let's see what the CEO of Binance said about it.
Binance CEO Changpeng Zhao |
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After President Nayib Bukele announced that he would completely eliminate any tax on the technology sector that wants to work with the development of artificial intelligence and inviting foreign companies to work in his country, Binance CEO Changpeng declared in the account from his twitter.
Zhao applauds the actions that Bukele is taking and informs that the exchange built a customer support center in El Salvador since last year with around 60 employees, and alleges that he thinks Binance is preparing to do bigger things for the nation of El Salvador. .
If everything goes as planned, El Salvador will be a free bitcoin paradise where those who collect large amounts of bitcoin will not pay taxes and they will not have to declare anything to any authority as long as they have their bitcoin in El Salvador.
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