Binance ‘s CEO Visits El Salvador. What Will He Meet President Bukele About?

It was about time that Binance ’s CEO, Changpeng Zhao, visited El Salvador. His firm is the most important cryptocurrency alternate on the planet and El Salvador is the primary nation to undertake bitcoin as authorized tender, why did this take so lengthy? According to the Secretariat of Communications of the Presidency of the Republic of El Salvador, Binance’s CEO is visiting the nation “along with other entrepreneurs, who are interested in knowing the investment possibilities.”

What will Changpeng Zhao meet President Bukele about? Reuters brought about fairly the commotion when they tried to guess.

Related Reading | Binance’s CZ Wants Entrepreneurs To Create Coins. Does His Argument Make Sense?

What Did Reuters Say About Binance ’s CEO Visit To El Salvador?

As far as Reuters is involved, CZ is visiting El Salvador to help them with the issuance of the volcano bonds. They actually mentioned:

“El Salvador is seeking support from cryptocurrency exchange Binance for its implementation of bitcoin as legal tender and the issuance of bitcoin bonds, the Central American country’s ambassador to the United States said on Wednesday.”

Is that what he’s right here about, although? In the closest supply we discovered, EFE quotes Mayorga telling “local media,” “We need businessmen his stature to support the issue of subscription to the volcano bonds.” In the ambassador’s Twitter account, Milena Mayorga welcomes Changpeng Zhao, CEO of Binance, “with the largest cryptocurrency wallet in the world.” Don’t ask.

According to Reuters, “Mayorga said Zhao’s visit was a vote of confidence in Bukele’s decision to adopt bitcoin as legal tender last September, as well as its plan to issue bitcoin-backed bonds.” According to her personal tweets, they mentioned, “strategic projects such as Bitcoin City, Surf City among others, was what we shared with the delegation of investors from Binance and companies.”

Who’s That Dark Figure Behind Binance ’s CEO?

The go to of one of many nice businessmen of our time is most probably a optimistic for El Salvador. However, who’s that behind him? Could it’s…? A pseudonymous Twitter consumer offers the mandatory blown up footage:

That’s proper, infamous lurker Brock Pierce. Of course, he is one of many “other entrepreneurs.” If you squint, you can even see him in certainly one of Milena Mayorga’s footage. Let’s bear in mind what our sister site Bitcoinist reported the primary time that the EOS creator lied his approach into the Presidential Palace: 

“Something is rotten in the state of El Salvador. The first nation to declare BTC as legal tender received no other than the infamous Brock Pierce. An “Official Delegation of Bitcoin Ambassadors” reportedly met with President Bukele and different authorities officers. However, is there such factor as an “official delegation” of a decentralized protocol? No, there isn’t. And the entire Bitcoin neighborhood is up in arms concerning the state of affairs.”

And identical to that, Brock Pierce is again in San Salvador. Who would’ve thought?

BNBUSD price chart for 03/24/2022 - TradingView

BNB worth chart on BinanceUS | Source: BNB/USD on TradingView.com

President Bukele Responds To The Rumors

In a since-deleted tweet, Bitcoin Magazine echoed Reuters’ tackle the character of Binance CEO’s go to to El Salvador. President Bukele requested them to “please don’t spread Reuters FUD. The Bitcoin Volcano Bonds will be issued with Bitfinex. The short delay in the issuance is only because we are prioritizing internal pension reform and we have to send that to congress before.”

To that, President Bukele added “I’m meeting with Changpeng Zhao tomorrow to discuss OTHER issues, not the Volcano Bonds. Unless he wants to buy some, of course.” And Binance CEO responded, “Looking forward to it. Plenty to discuss.” And, to be truthful, Reuters additionally mentioned that “Zhao praised El Salvador for taking on a pioneering role in the adoption of bitcoin and said Bukele’s presidency would be remembered in “heroic” phrases for its daring guess on the long run.”

Related Reading | Binance’s CZ Explains Why Banning Crypto Ads Won’t Affect Demand

Is Binance CEO’s go to to El Salvador priced in? Will the BTC worth transfer due to it? What about BNB? Will Binance make strikes in El Salvador? Does the market care about this historic go to? The subsequent few days will reply all of these questions.

Featured Image: Changpeng Zhao in El Salvador, screenshot from this video | Charts by TradingView

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