It had to do with time that Binance ’s CEO, Changpeng Zhao, checked out El Salvador. His business is the most significant cryptocurrency exchange worldwide and El Salvador is the very first nation to embrace bitcoin as legal tender, why did this take so long? According to the Secretariat of Communications of the Presidency of the Republic of El Salvador, Binance’s CEO is checking out the nation “along with other entrepreneurs, who are interested in knowing the investment possibilities.”
Hoy llegó a El Salvador el CEO y fundador de @BinanceES, Changpeng Zhao (@cz_binance), junto a otros empresarios, quienes están interesados en conocer las posibilidades de inversión, en el guide país del mundo que adoptó el #Bitcoin como moneda de curso legal. 🇸🇻 pic.twitter.com/XBYVwyZ8Dd
— Secretaría de Comunicaciones 🇸🇻 (@ComunicacionSV) March 23, 2022
What will Changpeng Zhao fulfill President Bukele about? Reuters triggered rather the turmoil when they attempted to think.
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What Did Reuters Say About Binance ’s CEO Visit To El Salvador?
As far as Reuters is worried, CZ is visiting El Salvador to help them with the issuance of the volcano bonds. They actually stated:
“El Salvador is seeking support from cryptocurrency exchange Binance for its implementation of bitcoin as legal tender and the issuance of bitcoin bonds, the Central American country’s ambassador to the United States said on Wednesday.”
Is that what he’s here about, though? In the closest source we discovered, EFE quotes Mayorga informing “local media,” “We need businessmen his stature to support the issue of subscription to the volcano bonds.” In the ambassador’s Twitter account, Milena Mayorga invites Changpeng Zhao, CEO of Binance, “with the largest cryptocurrency wallet in the world.” Don’t ask.
Hemos dado la bienvenida a Changpeng Zhao @cz_binance, CEO de @binance, con la wallet de criptodivisas más grande del mundo.#LibertadEconómica #Bitcoin🇸🇻 pic.twitter.com/PBExfF2Lwc
— Milena Mayorga (@MilenaMayorga) March 23, 2022
According to Reuters, “Mayorga said Zhao’s visit was a vote of confidence in Bukele’s decision to adopt bitcoin as legal tender last September, as well as its plan to issue bitcoin-backed bonds.” According to her own tweets, they talked about, “strategic projects such as Bitcoin City, Surf City among others, was what we shared with the delegation of investors from Binance and companies.”
Proyectos estratégicos como #BitcoinCity, #SurfCity entre otros, fue lo que compartimos a la delegación de inversionistas de @binance y empresas que nos acompañan en esta 13 misión de negocios. pic.twitter.com/l6TOJNklAm
— Milena Mayorga (@MilenaMayorga) March 24, 2022
Who’s That Dark Figure Behind Binance ’s CEO?
The check out of among the terrific business people of our time is probably a favorable for El Salvador. However, who’s that behind him? Could it be…? A pseudonymous Twitter user offers the essential exploded photos:
— mutatrum (@mutatrum) March 23, 2022
That’s right, well-known lurker Brock Pierce. Of course, he is among the “other entrepreneurs.” If you squint, you can likewise see him in among Milena Mayorga’s photos. Let’s remember what our sister site Bitcoinist reported the very first time that the EOS developer lied his method into the Presidential Palace:
“Something is rotten in the state of El Salvador. The first nation to declare BTC as legal tender received no other than the infamous Brock Pierce. An “Official Delegation of Bitcoin Ambassadors” apparently consulted with President Bukele and other federal government authorities. However, exists such thing as an “official delegation” of a decentralized procedure? No, there isn’t. And the entire Bitcoin neighborhood is up in arms about the scenario.”
And easily, Brock Pierce is back in San Salvador. Who would’ve believed?
BNB rate chart on BinanceUnited States | Source: BNB/USD on TradingView.com
President Bukele Responds To The Rumors
In a since-deleted tweet, Bitcoin Magazine echoed Reuters’ handle the nature of Binance CEO’s see to El Salvador. President Bukele asked to “please don’t spread Reuters FUD. The Bitcoin Volcano Bonds will be issued with Bitfinex. The short delay in the issuance is only because we are prioritizing internal pension reform and we have to send that to congress before.”
I’m meeting @cz_binance tomorrow to talk about OTHER problems, not the Volcano Bonds 🌋
Unless he wishes to purchase some, naturally 😉#Bitcoin repairs FUD!
— Nayib Bukele (@nayibbukele) March 23, 2022
To that, President Bukele included “I’m meeting with Changpeng Zhao tomorrow to discuss OTHER issues, not the Volcano Bonds. Unless he wants to buy some, of course.” And Binance CEO reacted, “Looking forward to it. Plenty to discuss.” And, to be reasonable, Reuters likewise stated that “Zhao praised El Salvador for taking on a pioneering role in the adoption of bitcoin and said Bukele’s presidency would be remembered in “heroic” terms for its vibrant bet on the future.”
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Is Binance CEO’s see to El Salvador priced in? Will the BTC rate relocation due to the fact that of it? What about BNB? Will Binance make relocations in El Salvador? Does the marketplace appreciate this historical check out? The next couple of days will address all of those concerns.
Featured Image: Changpeng Zhao in El Salvador, screenshot from this video | Charts by TradingView
