Westerners See El Salvador as a Template for a New Monetary System

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Westerners See El Salvador as a Template for a New Monetary System
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Jonathan Martin is a graduate of Stanford University, Georgetown University, and a student at The Wharton School, currently on leave immersing himself in the world of Bitcoin in El Salvador.

El Salvador has become one of the primary destinations worldwide for passionate Bitcoiners, Stajnar says. Many view their home countries in the West as being overly restrictive and authoritarian, especially in response to COVID-19. El Salvador, to him, represents freedom, and the opportunity to live untethered from the politics of Western governments.

With the advent of bitcoin, money is now digital and programmable. With time, there will be a Cambrian Explosion of projects that build upon the base layer Bitcoin network, Stajnar believes. It is the TCP/IP of the new internet of value, and we have only scratched the surface of its potential.

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