The core goal of the El Salvador Bitcoin Bank proposal is to provide a diverse range of financing options for both U.S. dollar and Bitcoin investors to enhance the flexibility and attractiveness of the financial system, thereby promoting innovation and growth in the country's economy.
El Salvador aims to promote Bitcoin banking
El Salvador’s President Nayib Bukele, a staunch supporter of Bitcoin, has proposed establishing a private investment bank (BPI) in his country that would provide financial services to Bitcoin (BTC) and other U.S. dollar investors with fewer restrictions than traditional banks.