El Salvador Launches Dedicated Website for $360 Million Bitcoin Reserve.
El Salvador has launched a new online platform to track its Bitcoin-related investments and increase transparency in this area.
This platform aims to provide full transparency on transactions by disclosing the country's Bitcoin investments to the public. The Bitcoin Office, established by the Salvadoran state and dedicated to overseeing Bitcoin projects, is spearheading this initiative.
This new platform will make El Salvador's #Bitcoin treasury data publicly accessible, using a private memory pool. This will provide greater clarity and accountability around the government's cryptocurrency investments and spending.
In the announcement made by El Salvador's #Bitcoin Office, it was stated that a new mempool platform has been launched where anyone can audit El Salvador's Bitcoin treasury assets. This step aims to increase transparency in the country's financial transactions. According to the official website, El Salvador currently holds 5,748.76 BTC worth $352.8 million.
This platform also closely tracks the government's purchase of Bitcoin and shows the latest additions. For example, it was stated that 31 #BTC was purchased last month and an additional 7 BTC was purchased the previous week.
With this new initiative, El Salvador is on its way to becoming a global leader by adopting Bitcoin and blockchain technology. Some experts predict that these steps could make El Salvador among the richest and most innovative countries in the world in the long run.
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