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22.11 - 19:59
El Salvador to build 20 'Bitcoin Schools' with surplus from Bitcoin Trust
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The government of El Salvador is embarking on its next Bitcoin-related project which involves building schools using profits the nation has made on the asset.
Profits or the “surplus” from the state’s Bitcoin Trust account will be channeled into the construction of 20 schools according to President Nayib Bukele. On Nov. 2, the Press Secretary of the Presidency tweeted:
Bukele’s spokesperson also stated that profits from previous BTC purchases will go towards benefiting the people and no Salvadoran taxes will be touched for the new project.
Local media reported that the construction of the 20 new schools will support the expansion of cryptocurrency education for locals and be part of the 400 schools planned for the “My New School” program. In
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