Miss El Salvador Features Bitcoin in Miss Universe 2023 – Featured Bitcoin News

Miss El Salvador Features Bitcoin in Miss Universe 2023 – Featured Bitcoin News

[ad_1]

The Miss Universe contestant from El Salvador this year has surprised viewers by featuring bitcoin as part of her national costume. El Salvador has adopted the cryptocurrency as a legal tender and has passed a new regulatory framework for the issuance of its long-awaited bitcoin-backed Volcano bonds.

Bitcoin Showcased in Miss Universe 2023

The Miss Universe 2023 contestant from El Salvador, Alejandra Guajardo, surprised viewers Wednesday night with her choice of costume. Guajardo walked onto the stage in the 71st Miss Universe National Costume Show wearing a costume representing “the evolution of the Salvadoran currency,” the Miss Universe El Salvador official Instagram account described, adding that the outfit is designed by Francisco Guerrero.

Miss El Salvador’s national costume features cacao beans, the colón, the US dollar, and the Bitcoin symbol. Originally, cacao was used as currency in El Salvador. The colón became the official currency of El Salvador from 1892 until it was replaced by the US dollar in January 2001. The costume’s predominant colors are gold, silver, and bronze.

Now bitcoin is legal tender in El Salvador alongside the US dollar. El Salvador became the first country to make the world’s largest cryptocurrency legal tender in September 2021. Since then, the country, led by the pro-bitcoin president Nayib Bukele, has purchased thousands of BTC for its treasury. In November last year, Bukele that announced his country will buy bitcoin every day.

On Wednesday, the Salvadoran legislative assembly passed the digital asset issuance law that was proposed last November. It includes a new regulatory framework for the issuance of bitcoin-backed Volcano bonds. “This new digital asset regulatory framework paves the way for its much anticipated Volcano token issuance,” according to Bitfinexwhich will be a technology provider for the nation’s Volcano token.

What do you think about Miss El Salvador showcasing bitcoin in Miss Universe 2023? Let us know in the comments section below.

Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.




Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.



[ad_2]

Source link

Leave a Comment