El Salvador Is Using Its Bitcoin Profits to Build 20 New Schools | Technology News

El Salvador made Bitcoin legal tender not too long ago but the country’s Bitcoin Trust has already gained millions in profit, and the country’s President Nayib Bukele has now stated that the profits will be directed towards building 20 schools.

President Bukele, meanwhile, used his stone-laying occasion for the veterinary hospital to take a jab at the country’s opposition party that floored him for being bold with BTC adoption.

This was in an effort to get more Bitcoin wallets open in the country — an initiative that has served its purpose well as now the number of Bitcoin wallets in El Salvador have surpassed 2.1 million.

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