Elon Musk hosted Nayib Bukele, President of El Salvador, at Tesla’s factory in Austin, Texas, where the two discussed the societal impacts of emerging technologies like artificial intelligence (AI) and robotics.
A video that Bukele shared on X (formerly Twitter) on September 21 shows Musk warmly greeting the president and giving him a tour of the facility.
Musk responded to the post by praising Bukele as a leader and highlighting the meaningful discussions they had.
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El Salvador, known for adopting Bitcoin (BTC) as a legal tender three years ago, is now expanding its focus to technologies like AI as part of its plan to reduce reliance on the US dollar and diversify its economy. Bukele’s vision behind this initiative focused on increasing financial inclusion and attracting tech-based financial services to the nation.
However, while the country has earned over $31 million from its Bitcoin move, Bukele has acknowledged that Bitcoin adoption has been slower than expected. Large businesses like McDonald’s accept it, but nationwide usage is not as widespread as the government had hoped.
In another move to make El Salvador a hub for crypto, they launched a certification program to provide Bitcoin-related training to 80,000 public sector employees. This program aims to better equip government workers to handle Bitcoin policy effectively.
The meeting between Musk and Bukele highlights their shared interest in technology’s role in shaping the future as El Salvador continues its push for digital transformation.
Gode is a Web3 Market Analyst who researches the most important industry events and interprets how they affect the wider Web3 space. Her formal education in media culture & digital rhetoric allows her to employ a methodical approach to evaluating critical Web3 news data, including large-scale events and the wider social sentiment within the ecosystem.
Gode is a mutilingual professional, having studied in multiple universities all across Europe. This allows her to have a one-of-a-kind opportunity to analyze Web3 social sentiments spanning different cultures and languages and, in turn, develop a much deeper understanding of how the Web3 space is growing within different communities. With the rest of her team, Gode works to identify crucial crypto news patterns and provide unbiased and data-driven information.
Gode’s passions include working and communicating with people, and when she’s not researching Web3 news, she spends her time traveling and watching true crime documentaries.
