Beautiful Virgin Islands

Thursday, Jul 24, 2025

Cardano Creator Hoskinson Plans Visit to El Salvador to Discuss Cardano Deployment

Cardano Creator Hoskinson Plans Visit to El Salvador to Discuss Cardano Deployment

Founder of Cardano and IOHK CEO and former Co-Founder of Ethereum Charles Hoskinson has plans to bring Cardano (ADA) to El Salvador.

On the heels of El Salvador’s move to embrace Bitcoin as legal tender, Hoskinson is making an effort to bring the smart contract platform to the nation as well.

Hoskinson says he’s applied for a state visit to El Salvador to discuss the possibility of forming ties between Cardano and the Central American nation.

“Yes, we have been in talks with some officials and parties in El Salvador and I may do a state visit. I sent over all the documentation and requests for that and if so we’ll meet the president but it’s basically going to be in their hands.

We’ve talked to a few people that are in that orbit and they have definitely expressed interest in digitizing the country going beyond just legalizing Bitcoin. So we’ll get a better sense probably in the next 2-4 weeks where that sits and if it’s a proper state visit I’ll actually have a suit made.”

Hoskinson’s plans fall in line with Cardano’s efforts to globalize its activities. IOHK announced a partnership with the Ethiopian government this past April to digitize the identification process in 3,500 schools across the country.

In the future, the blockchain-based national identity system for teachers and students could benefit tertiary educational institutions too.

“The project could ultimately be extended to universities where degrees are also digitally verified on the Cardano blockchain, allowing employers to easily validate the authenticity of applicants’ educational credentials.”

President Bukele Shuts Down Talk Of Other Parallel Cryptocurrencies

With Bitcoin leading the way in El Salvador, interest from altcoin developers is also skyrocketing.

Speaking in an interview with the What Bitcoin Did YouTube channel, President Bukele gave a tentative response to the idea of the entire crypto industry opening up to El Salvador.

He said it’s tricky enough dealing with two parallel currencies in BTC and USD. Adding that, it would be impossible to facilitate ten legal tenders.

“It’s a Bitcoin law. It’s very hard to put in place two currencies, working at the same time. And like I said before, give total freedom to the seller, and total freedom to the buyer at the same time, even if the seller and buyer pick a different currency.”

He stressed that he isn’t going to ban altcoins and altcoin developers are free to also set up shop and invest in El Salvador. But as far as legal tender is concerned, Bitcoin is the only cryptocurrency for the country.

Source: Hoskinson Plans Visit to El Salvador to Discuss Cardano Deployment – Fintechs.fi

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
The Podcaster Who Accidentally Revealed He Earns Over $10 Million a Year
Trump Announces $550 Billion Japanese Investment and New Trade Agreements with Indonesia and the Philippines
US Treasury Secretary Calls for Institutional Review of Federal Reserve Amid AI‑Driven Growth Expectations
UK Government Considers Dropping Demand for Apple Encryption Backdoor
Severe Flooding in South Korea Claims Lives Amid Ongoing Rescue Operations
Japanese Man Discovers Family Connection Through DNA Testing After Decades of Separation
Russia Signals Openness to Ukraine Peace Talks Amid Escalating Drone Warfare
Switzerland Implements Ban on Mammography Screening
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
Pogacar Extends Dominance with Stage Fifteen Triumph at Tour de France
CEO Resigns Amid Controversy Over Relationship with HR Executive
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
NVIDIA Achieves $4 Trillion Valuation Amid AI Demand
US Revokes Visas of Brazilian Corrupted Judges Amid Fake Bolsonaro Investigation
U.S. Congress Approves Rescissions Act Cutting Federal Funding for NPR and PBS
North Korea Restricts Foreign Tourist Access to New Seaside Resort
Brazil's Supreme Court Imposes Radical Restrictions on Former President Bolsonaro
Centrist Criticism of von der Leyen Resurfaces as she Survives EU Confidence Vote
Judge Criticizes DOJ Over Secrecy in Dropping Charges Against Gang Leader
Apple Closes $16.5 Billion Tax Dispute With Ireland
Von der Leyen Faces Setback Over €2 Trillion EU Budget Proposal
UK and Germany Collaborate on Global Military Equipment Sales
Trump Plans Over 10% Tariffs on African and Caribbean Nations
Flying Taxi CEO Reclaims Billionaire Status After Stock Surge
Epstein Files Deepen Republican Party Divide
Zuckerberg Faces $8 Billion Privacy Lawsuit From Meta Shareholders
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
SpaceX Nears $400 Billion Valuation With New Share Sale
Microsoft, US Lab to Use AI for Faster Nuclear Plant Licensing
Trump Walks Back Talk of Firing Fed Chair Jerome Powell
Zelensky Reshuffles Cabinet to Win Support at Home and in Washington
"Can You Hit Moscow?" Trump Asked Zelensky To Make Putin "Feel The Pain"
Irish Tech Worker Detained 100 days by US Authorities for Overstaying Visa
Dimon Warns on Fed Independence as Trump Administration Eyes Powell’s Succession
Church of England Removes 1991 Sexuality Guidelines from Clergy Selection
Superman Franchise Achieves Success with Latest Release
Hungary's Viktor Orban Rejects Agreements on Illegal Migration
Jeff Bezos Considers Purchasing Condé Nast as a Wedding Gift
Ghislaine Maxwell Says She’s Ready to Testify Before Congress on Epstein’s Criminal Empire
Bal des Pompiers: A Celebration of Community and Firefighter Culture in France
FBI Chief Kash Patel Denies Resignation Speculations Amid Epstein List Controversy
Air India Pilot’s Mental Health Records Under Scrutiny
Google Secures Windsurf AI Coding Team in $2.4 Billion Licence Deal
Jamie Dimon Warns Europe Is Losing Global Competitiveness and Flags Market Complacency
South African Police Minister Suspended Amid Organised Crime Allegations
Nvidia CEO Claims Chinese Military Reluctance to Use US AI Technology
Hong Kong Advances Digital Asset Strategy to Address Economic Challenges
Australia Rules Out Pre‑commitment of Troops, Reinforces Defence Posture Amid US‑China Tensions
Martha Wells Says Humanity Still Far from True Artificial Intelligence
×