The Salvadorian President Nayib Bukele announces the construction of an veterinary clinic with Bitcoin true-to-hand-hand fund-
The Salvadorian President Nayib Bukele announces the construction of an veterinary clinic with Bitcoin true-to-hand-hand fund-
Nayib Bukele, President of El Salvador, announced yesterday that he would use excess funds from the country's Bitcoin trust. Part of the $ 4 million is invested in an veterinary clinic that will offer various services for the pets of Salvadorian citizens. Bukele explained that this was possible due to the Bitcoin price increase in the past few days.
Nayib Bukele suggests the construction of an veterinary clinic
Nayib Bukele, President of El Salvador, announced yesterday to build an veterinary clinic with the country's recently founded Bitcoin trust. According to his statements, due to the recent price increase, $ 4 million from Fidebitcoin, the national Bitcoin-Trust, can be deducted btc experienced. Bukele explained on Twitter:
With the same amount of dollars and bitcoin in trust, the trust is now worth more because the value of the bitcoin has risen. So now Fidebitcoin has a "surplus" of $ 4 million. The state -owned company Chivo can therefore have $ 4 million without the amount of the trust.
Bukele then announced that the veterinary clinic would include 12 offices, four emergency rooms, four operating theaters and a rehabilitation area for Salvadorian pets. The facility will be able to look after more than 384 pets every day.
Incoming criticism
The president is often criticized for dealing with public funds. With this project, critics of the President are quick pointed out problems, request and determine a testing of the treasurer for the financing of civil expenses can become. However, Bukele quickly explained that the Bitcoin fund did not sell to finance these expenses. The President said:
By the way, we do not sell bitcoins, we use the dollar share of the trust, since the Bitcoin share is now worth more than when the trust was founded.
Bukele also took a blow from Vitalik Buterin, co -founder of Ethereum, the criticizes his urge according to Explain legal means of payment on reddit. Butterin explained that Bukele's action of pressing Bitcoin to a population that is not sufficiently trained to use Bitcoin was "ruthless" and "risks". Buterin extended this criticism of other actors in the crypto industry by finding:
shame about everyone (ok, good, I call the main responsible: shame about Bitcoin maximalists) who praise him uncritically.
What do you think of Bukele's idea of building an veterinary clinic with the surplus of the Bitcoin fund? Tell us in the comment area below.
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