The South Carolina state treasurer says Bitcoin has had a positive impact in El Salvador and has helped many Salvadorans and unbanked small businesses access the financial system. These and more news in this practical daily summary so that you are always informed with the most recent events that occur within the crypto world.
South Carolina Treasurer Takes More Interest in Bitcoin
📍Curtis Loftis, treasurer of the state of South Carolina, visited El Salvador to delve deeper into Bitcoin adoption. State Treasurer Curtis Loftis, a Bitcoin proponent, was in El Salvador alongside other officials and business leaders to explore the Latin American nation's adoption of blockchain technology and cryptocurrencies.
Loftis plans to discuss El Salvador’s experience with Bitcoin, especially the impact the market-leading cryptocurrency has had on financial inclusion and the remittance market, during the SC Blockchain conference, which runs through Friday, October 7.
It is not yet clear whether South Carolina has plans to adopt or implement Bitcoin, but the state treasurer assured that what the media reports about the “failure” of Bitcoin adoption in El Salvador does not match reality, since the cryptocurrency has served many Salvadorans and small unbanked businesses to access the financial system.
On the other hand, Loftis had shared on Twitter, at the end of September, the inauguration of a bitcoin mining center located in South Carolina. According to him, it was a multi-million dollar data center built by BV Power Alpha in Spartanburg County, which marks the official start of the state within the digital asset industry.
Near Protocol and Google will boost Web3 startups
📍Decentralized platform Near Protocol and Internet giant Google are collaborating to boost the development of Web3-focused startups. The news was announced by the Near Foundation, which published a statement on the strategic alliance between the two.
According to the Foundation, through Google Cloud, the company will provide technical support to developers who benefit from the NEAR grant program, to boost blockchain innovation and drive the creation and development of new Web3 projects and DApps.
Near Protocol currently records 300.000 to 400.000 transactions per day, with 800 projects on its blockchain network, over 20 million accounts, and 200 million transactions recorded to date.
The “Polkadot Hackathon Latam 2022” has started
📍The “Polkadot Hackathon Latam 2022” started this week with categories such as Web3, Blockchain Tooling, smart contracts, DeFi and NFT. This first Polkadot hackathon held in Latin America will last 6 weeks and will bring together communities of creators and developers who want to build on the Polkadot and Kusama blockchain ecosystem. The event will be 100% online and will include mentorships, workshops and sessions on the Polkadot ecosystem.
Participants will be able to submit their proposals in any of the enabled categories of Web3, Blockchain Tooling, smart contracts, DeFi and NFT until November 10. The event organizers will hold a closing ceremony in the city of Buenos Aires (Argentina) on November 19.
The Web3 Foundation, an organization focused on Web3 innovation and development, is one of the organizers of “Polkadot Hackathon Latam 2022”, to provide the entire Web3 developer community with the opportunity to participate in this important event.
Continue reading: Bitcoin demand does not decrease despite the macroeconomic situation
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