{"id":203652,"date":"2021-11-03T19:00:13","date_gmt":"2021-11-03T19:00:13","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=203652"},"modified":"2021-11-03T22:38:47","modified_gmt":"2021-11-03T22:38:47","slug":"20-bitcoin-schools-to-be-built-in-el-salvador-with-surplus-from-bitcoin-trust","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/20-bitcoin-schools-to-be-built-in-el-salvador-with-surplus-from-bitcoin-trust\/","title":{"rendered":"20 Bitcoin schools to be built in El Salvador with surplus from Bitcoin Trust"},"content":{"rendered":"<p>El Salvador is planning a new creative endeavor to boost its Bitcoin-related transactions in the nation. The country is planning to build 20 new Bitcoin schools under their &#8220;My New School&#8221; program.<\/p>\n<p>As per El Salvador's president Nayib Bukele, the surplus derived from the State's Bitcoin Trust will be utilized in building these 20 schools to strengthen crypto infrastructure in the country.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"es\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/ChivoPets?src=hash&ref_src=twsrc%5Etfw\">#ChivoPets<\/a> | \u201cCuando se hizo este proyecto no hab\u00edamos ganado tanto dinero en el FIDEBITCOIN como hemos ganado ahora. As\u00ed que hemos decidido hacer las 20 primeras Escuelas Bitc\u00f3in\u201d: Presidente de la Rep\u00fablica, <a href=\"https:\/\/twitter.com\/nayibbukele?ref_src=twsrc%5Etfw\">@nayibbukele<\/a>. <a href=\"https:\/\/t.co\/PsQPlMcda9\">pic.twitter.com\/PsQPlMcda9<\/a><\/p>\n<p>&mdash; Secretar\u00eda de Prensa de la Presidencia (@SecPrensaSV) <a href=\"https:\/\/twitter.com\/SecPrensaSV\/status\/1455363770692390918?ref_src=twsrc%5Etfw\">November 2, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>New plans concerning crypto<\/h2>\n<p>The government has decided to use the surplus from its State Bitcoin Trust which at present holds approximately 1,120 Bitcoin.<\/p>\n<p>Bukele's spokesperson has also stated that the additional profits derived will be directed towards building the schools only and none of the Salvadoran taxes will be used for this particular undertaking.<\/p>\n<p>The plan to construct 20 new schools will be a part of\u00a0 El Salvador's original plan to establish 400 schools to educate the public and strengthen the educational sector of the country. The country has also acquired sizable funding of $200 million from the Central American Bank for Economic Integration (CABEI) to enhance its educational services in the country.<\/p>\n<p>Previously, the El Salvadoran government had also announced its plan to spend $4 million from the Bitcoin Trust to construct a new veterinary hospital in the nation.<\/p>\n<p>El Salvador BTC, a Twitter handle that has been actively tracking the country's Bitcoin purchases and earnings, has revealed that the country has made roughly $12 million in profits so far when the prices of Bitcoin maintained a steady pace and traded at\u00a0 $53,062.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Those 1,120 <a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&ref_src=twsrc%5Etfw\">#BTC<\/a> that <a href=\"https:\/\/twitter.com\/nayibbukele?ref_src=twsrc%5Etfw\">@nayibbukele<\/a> and <a href=\"https:\/\/twitter.com\/PresidenciaSV?ref_src=twsrc%5Etfw\">@PresidenciaSV<\/a> have purchased for El Salvador at an average price of $53,062, worth $59.43 million at the time of purchase, are now worth $71.42 million<\/p>\n<p>&mdash; ElSalvadorBTC (@ElSalvadorBTC_) <a href=\"https:\/\/twitter.com\/ElSalvadorBTC_\/status\/1455579051834417152?ref_src=twsrc%5Etfw\">November 2, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The account has also been tracking the $30 <a href=\"https:\/\/www.google.com\/amp\/s\/cryptoslate.com\/el-salvador-creates-history-after-buying-400-bitcoin-btc\/amp\/\">incentive<\/a> that the El Salvadoran government had promised its citizens to boost the crypto adoption drive in the country.\u00a0 As per <a href=\"https:\/\/twitter.com\/ElSalvadorBTC_\/status\/1455473353087758336?t=DY06cZctixGKajAnZ9857Q&s=19\">El Salvador<\/a>, the $30 incentive is now valued at $38 proving that the crypto adoption drive was a hit among the citizens.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>El Salvador is planning a new creative endeavor to boost its Bitcoin-related transactions in the nation. The country is planning to build 20 new Bitcoin schools under their &#8220;My New School&#8221; program. As per El Salvador&#8217;s president Nayib Bukele, the surplus derived from the State&#8217;s Bitcoin Trust will be utilized in building these 20 schools [&hellip;]<\/p>\n","protected":false},"author":824,"featured_media":203742,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35908,35],"tags":[60786],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>20 Bitcoin schools to be built in El Salvador with surplus from Bitcoin Trust<\/title>\n<meta name=\"description\" content=\"El Salvador is planning a new creative endeavor to boost its Bitcoin-related transactions in the nation, a new report shows.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/20-bitcoin-schools-to-be-built-in-el-salvador-with-surplus-from-bitcoin-trust\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"20 Bitcoin schools to be built in El Salvador with surplus from Bitcoin Trust\" \/>\n<meta property=\"og:description\" content=\"El Salvador is planning a new creative endeavor to boost its Bitcoin-related transactions in the nation, a new report shows.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/20-bitcoin-schools-to-be-built-in-el-salvador-with-surplus-from-bitcoin-trust\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-03T19:00:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-11-03T22:38:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/11\/bitcoin-school-elSalvador-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Juhi Mirza\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Juhi Mirza\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/20-bitcoin-schools-to-be-built-in-el-salvador-with-surplus-from-bitcoin-trust\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/20-bitcoin-schools-to-be-built-in-el-salvador-with-surplus-from-bitcoin-trust\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/juhi-mirza\/#person\",\"name\":\"Juhi Mirza\",\"url\":\"https:\/\/cryptoslate.com\/author\/juhi-mirza\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/juhi-mirza\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/juhi-mirza\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/10\/juhi-mirza-author-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/10\/juhi-mirza-author-300x300.jpg\",\"caption\":\"Juhi Mirza\"},\"description\":\"Juhi Mirza is an archaeology major who is obsessive about blockchain\/Crypto technology and deems it to be the foundational philosophy of the future. 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