Salvadoran President Naib Bukle announces construction of Vet Hospital with Bitcoin Trust Fund – Bitcoin News

El Salvador’s President Naib Buckel announced yesterday that he would start using the surplus funds from the country’s Bitcoin Trust. Part of the $ 4 million grant will be invested in a veterinary hospital that will provide a variety of services for the pets of Salvadoran citizens. Buckley explained that this is possible due to the increase in the price of Bitcoin in the last few days.

Naib Buckley proposed the construction of a vet hospital

El Salvador’s President Naib Buckel announced yesterday that the construction of a veterinary clinic has been announced with funds from the country’s newly created Bitcoin Trust. According to his statement, জাতীয় 4 million could be withdrawn from the National Bitcoin Trust FeedBitcoin due to BTC’s latest price increase. Buckley explained on Twitter:

With the same amount of dollars and bitcoins in trust, trusts are now more valuable as the value of bitcoin increases. So now, FIDEBITCOIN’s ‘surplus’ is 4 million. Therefore, the state agency could dispose of 4 4 million without affecting the amount of the Chivo Trust.

Buckle then announced that the veterinary clinic would have 12 offices, four emergency attention rooms, four operating rooms and a rehabilitation area for Salvadoran pets. The facility will be able to accommodate the presence of more than 384 pets per day.

Inward criticism

The president has been widely criticized for the way he manages government funds. With this project, critics of the President quickly Directed For problems, call for an audit of the balance of funds and these cannot be used to fund citizen expenditures. However, Buckle quickly explained that the fund was not selling bitcoin for this cost. The President said:

However, we are not selling any bitcoin, we are using the dollar portion of the trust, since the bitcoin portion is now more valuable than the trust being established.

Buckley took a swipe at Ethereum co-founder Vitalik Butarin, who criticized his pressure to announce Reddit’s Bitcoin legal tender. Buterin said Buccaneer’s move to put Bitcoin on a population not educated enough to use it was “reckless” and “risky.” Butarin referred to this criticism to other actors in the crypto industry:

Shame on everyone (okay, okay, I’ll call the responsible people responsible: shame on bitcoin maximists) who are praising her.

What do you think of Buccaneer’s idea of ​​building a veterinary clinic with a Bitcoin fund surplus? Tell us in the comments section below.

Image credit: Shutterstock, Pixabay, WikiCommons

Denial: This article is for informational purposes only. It is not a direct offer or request for a purchase or sale offer, nor is it a recommendation or approval of a product, service or company. does not offer investment, tax, legal or accounting advice. The Company or the Author is not directly or indirectly responsible for any loss or damage caused by or in connection with the use or reliance on any content, product or service referred to in this article.

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button