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SalvadorTech: Empowering Innovation & Bitcoin

Martin Walker
Aug 30, 2023 at 10:01 am

On August 29th, Google Cloud made a significant announcement regarding their collaboration with the government of El Salvador. This strategic partnership involves the establishment of an office and the provision of Google Distributed Cloud (GDC) services within the nation.

The primary objective of this alliance is to embark on the digitization of the entire country, ushering in modernization across governmental functions while enhancing the healthcare and educational sectors. The introduction of GDC will play a pivotal role in bringing data infrastructure closer to its source within El Salvador.

Nayib Bukele, the President of the country, expressed his optimism about El Salvador's rapid evolution into a thriving "innovation hub." He emphasized the belief that technology and foreign investments are pivotal elements for the nation's progress. President Bukele even shared his excitement about the collaboration on social media, accompanied by a winking smiley emoji.

Subject to complete legislative approval, the partnership is set to span seven years. Its scope includes the digitization of critical government initiatives and workflows, such as invoicing and permitting processes. Notably, Google Cloud's involvement in El Salvador is groundbreaking as it marks the first instance of a Latin American government adopting cloud technology.

Thomas Kurian, the CEO of Google Cloud, conveyed his conviction that cloud computing possesses the potential to bring about a profound transformation across Latin America. He emphasized how cloud computing has democratized access to applications and services across different industries and global regions, enabling even emerging markets and the public sector to harness similar technological capabilities as more mature counterparts.

The augmented GDC infrastructure will also act as a robust support system for El Salvador's proactive embrace of Bitcoin (BTC) and its integration into the societal framework. This development holds significance as it facilitates the operation of full Bitcoin nodes, incorporating support from the Ordinal Protocol.

Notably, on August 8th, a significant milestone was achieved as El Salvador granted a license to the cryptocurrency exchange Binance, permitting them to offer crypto services to the nation's residents. This noteworthy move follows the acceptance of Bitcoin as legal tender in El Salvador since 2021.

Furthermore, a recent initiative known as "Bitcoin Beach" ventured into the realm of education, imparting knowledge about Bitcoin to over 25,000 students. This educational effort culminated in students earning a unique "Bitcoin diploma" through the national education system.

Already, the initiative has yielded tangible results. For instance, a teenager who obtained the Bitcoin diploma went on to return to his former school to educate educators about the intricacies of digital assets, exemplifying the immediate impact of the program.

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