Twitter started integrating Bitcoin, El Salvador approves $150m fund and president Belarus hints towards mining
El Salvador approves $150M Bitcoin Fund
In order to jumpstart the impending adoption of Bitcoin as legal tender in El Salvador, the nation’s Legislative Assembly has approved a $150 million fund to facilitate the development of crypto infrastructure including conversions from bitcoin to US dollars.
“The purpose of this law is to financially support the alternatives that the state provides, without prejudice to private initiatives, that allow the user to carry out the automatic and instantaneous convertibility of bitcoin to the United States dollar.”
Amidst the country’s preparations to fully embrace bitcoin next week, the International Monetary Fund (IMF) has once again sounded the alarm on the BTC move.
Twitter reportedly plans to integrate bitcoin payments.
Twitter is seemingly trialling the ability to tip using bitcoin, per multiple reports. According to MacRumors, the current Twitter beta indicates that this service is being tested, while mobile developer Alessandro Paluzzi has leaked an image of what the service will look like.
According to the reports, the tipping function will use the Lightning Network to make smaller bitcoin payments. It will support custodial and non-custodial wallets.
Source: The Block
President Belarus hints towards Bitcoin mining
The Republic of Belarus might be the next country to legalize Bitcoin mining joining the likes of Iran and Kazakhstan. While there is no official announcement at the moment, but going the by country’s President comments, it seems more likely.
During the opening of the Petrikovsky mining and processing plant, President Belarus Alexander Lukashenko called for the construction of Greenhouses to mine Bitcoin.
“They don’t wait for us anywhere, but if someone is waiting, then maybe on the plantations, as Ukrainians often say: the Poles or the Germans are struggling to pick strawberries … we have a lot of sites here in Petrikiv, create something on electricity, in the end, start mining the cryptocurrency.”
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