Binance ‘s CEO Visits El Salvador. What Will He Meet President Bukele About?
March 24 2022 - 12:37PM
NEWSBTC
It was about time that Binance ’s CEO, Changpeng Zhao, visited El
Salvador. His company is the biggest cryptocurrency exchange in the
world and El Salvador is the first country to adopt bitcoin as
legal tender, why did this take so long? According to the
Secretariat of Communications of the Presidency of the Republic of
El Salvador, Binance’s CEO is visiting the country “along with
other entrepreneurs, who are interested in knowing the investment
possibilities.” Hoy llegó a El Salvador el CEO y fundador de
@BinanceES, Changpeng Zhao (@cz_binance), junto a otros
empresarios, quienes están interesados en conocer las posibilidades
de inversión, en el primer país del mundo que adoptó el #Bitcoin
como moneda de curso legal. 🇸🇻 pic.twitter.com/XBYVwyZ8Dd —
Secretaría de Comunicaciones 🇸🇻 (@ComunicacionSV) March 23, 2022
What will Changpeng Zhao meet President Bukele about? Reuters
caused quite the commotion when they tried to guess. Related
Reading | Binance’s CZ Wants Entrepreneurs To Create Coins. Does
His Argument Make Sense? What Did Reuters Say About Binance ’s CEO
Visit To El Salvador? As far as Reuters is concerned, CZ is
visiting El Salvador to assist them with the issuance of the
volcano bonds. They literally said: “El Salvador is seeking support
from cryptocurrency exchange Binance for its implementation of
bitcoin as legal tender and the issuance of bitcoin bonds, the
Central American country’s ambassador to the United States said on
Wednesday.” Is that what he’s here about, though? In the closest
source we found, EFE quotes Mayorga telling “local media,” “We need
businessmen his stature to support the issue of subscription to the
volcano bonds.” In the ambassador’s Twitter account, Milena Mayorga
welcomes Changpeng Zhao, CEO of Binance, “with the largest
cryptocurrency wallet in the world.” Don’t ask. Hemos dado la
bienvenida a Changpeng Zhao @cz_binance, CEO de @binance, con la
wallet de criptodivisas más grande del mundo.#LibertadEconómica
#Bitcoin🇸🇻 pic.twitter.com/PBExfF2Lwc — Milena Mayorga
(@MilenaMayorga) March 23, 2022 According to Reuters, “Mayorga said
Zhao’s visit was a vote of confidence in Bukele’s decision to adopt
bitcoin as legal tender last September, as well as its plan to
issue bitcoin-backed bonds.” According to her own tweets, they
discussed, “strategic projects such as Bitcoin City, Surf City
among others, was what we shared with the delegation of investors
from Binance and companies.” Proyectos estratégicos como
#BitcoinCity, #SurfCity entre otros, fue lo que compartimos a la
delegación de inversionistas de @binance y empresas que nos
acompañan en esta 13 misión de negocios. pic.twitter.com/l6TOJNklAm
— Milena Mayorga (@MilenaMayorga) March 24, 2022 Who’s That Dark
Figure Behind Binance ’s CEO? The visit of one of the great
businessmen of our time is most likely a positive for El Salvador.
However, who’s that behind him? Could it be…? A pseudonymous
Twitter user provides the necessary blown up pictures:
pic.twitter.com/1B38pZkyjW — mutatrum (@mutatrum) March 23, 2022
That’s right, notorious lurker Brock Pierce. Of course, he is one
of the “other entrepreneurs.” If you squint, you can also see him
in one of Milena Mayorga’s pictures. Let’s remember what our sister
site Bitcoinist reported the first time that the EOS creator lied
his way into the Presidential Palace: “Something is rotten in
the state of El Salvador. The first nation to declare BTC as legal
tender received no other than the infamous Brock Pierce. An
“Official Delegation of Bitcoin Ambassadors” reportedly met with
President Bukele and other government officials. However, is there
such thing as an “official delegation” of a decentralized protocol?
No, there isn’t. And the whole Bitcoin community is up in arms
about the situation.” And just like that, Brock Pierce is back in
San Salvador. Who would’ve thought? BNB price chart on BinanceUS |
Source: BNB/USD on TradingView.com President Bukele Responds To The
Rumors In a since-deleted tweet, Bitcoin Magazine echoed Reuters’
take on the nature of Binance CEO’s visit to El Salvador. President
Bukele asked them to “please don’t spread Reuters FUD. The Bitcoin
Volcano Bonds will be issued with Bitfinex. The short delay in the
issuance is only because we are prioritizing internal pension
reform and we have to send that to congress before.” I’m meeting
with @cz_binance tomorrow to discuss OTHER issues, not the Volcano
Bonds 🌋 Unless he wants to buy some, of course 😉#Bitcoin fixes FUD!
— Nayib Bukele (@nayibbukele) March 23, 2022 To that, President
Bukele added “I’m meeting with Changpeng Zhao tomorrow to discuss
OTHER issues, not the Volcano Bonds. Unless he wants to buy some,
of course.” And Binance CEO responded, “Looking forward to it.
Plenty to discuss.” And, to be fair, Reuters also said that “Zhao
praised El Salvador for taking on a pioneering role in the adoption
of bitcoin and said Bukele’s presidency would be remembered in
“heroic” terms for its bold bet on the future.” Related Reading |
Binance’s CZ Explains Why Banning Crypto Ads Won’t Affect Demand Is
Binance CEO’s visit to El Salvador priced in? Will the BTC price
move because of it? What about BNB? Will Binance make moves in El
Salvador? Does the market care about this historic visit? The next
few days will answer all of those questions. Featured Image:
Changpeng Zhao in El Salvador, screenshot from this video | Charts
by TradingView
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