Woodzan El Salvador pushes Bitcoin to improve people's lives

Although El Salvadoran thinking about bitcoin may be affected by the recent Canadian currency crash, Ark Invest founder Cassie Wood also praised El Salvador's efforts to use bitcoin to improve people's lives.

Wood recently told Time Magazine that Salvadoran President Nayib Bukele offers an unprecedented opportunity, arguing that in the long run allocating funds for new developments would be equally beneficial to people around the world.

In an interview that aired on Sunday, Wood pointed out that Buglei is offering $30 in bitcoins to each eligible adult. Blockchain technology allows people to access new banks and financial services. "

El Salvador reportedly became the first country in the world to legalize Bitcoin in September. El Salvador has created its own digital wallet, Chivo, which allows people to withdraw cash from more than 200 ATMs.

Wood believes that millions of people around the world can access financial services through the use of mobile phones, and believes that the pursuit of blockchain technology will go a long way to closing the gap between rich and poor. By sharing these innovations, we can improve the lives of people around the world. "

According to "Bloomberg" estimates, the recent fall in Bitcoin caused El Salvador to lose nearly $10 million. As of 9:09 a.m. Beijing time today, according to data from Coindesk, Bitcoin was down 1.36% over the 24-hour period, temporarily trading at $42,353.5. .