Bitcoin To The Rescue: Suriname’s Next President Vision

Bitcoin advocate Maja Palbo is running to become the next president of Suriname. The entrepreneur said: Declared Parham, who describes himself as a “Bitcoin enthusiast first and politician second,” has emerged in Surinamese politics at a critical time as the country faces economic challenges and political instability.

With elections coming up in Suriname next year, Parham has a vision of introducing the BTC standard to Suriname, positioning the country at the forefront of the cryptocurrency revolution. This would mean using BTC for everyday transactions, savings and even government business. Such a move could protect the country from debt-fueled inflation and currency devaluation, issues commonly faced by developing countries.

Bitcoin
Image credit: Alex Gladstein

Keep an eye on MayaPar25. She will be the next president of Suriname if elected next year. She is a very down-to-earth activist and describes herself as a “Bitcoin enthusiast first, politician second.” Bitcoin Standard Coming to Suriname

Her policy outlines the following key points:

  • Bitcoin Adoption: Encourage businesses and individuals to use BTC for transactions.
  • Regulatory Framework: Establish clear and favorable regulations to encourage the adoption of BTC.
  • Education and awareness: Launch a nationwide campaign to educate the public on the benefits and uses of BTC.

Bitcoin’s Global Impact: El Salvador’s Historic Move

Parham’s support for Bitcoin joins a growing list of developing countries seeking alternatives to fiat and dollar-based currencies. As digital assets gain momentum, countries around the world are eager to transform their economies.

Meanwhile, El Salvador is preparing to launch its first fundraising using Bitcoin in partnership with Bitfinex Securities. The event heralds a new era in the country’s financial world. Bitfinex Securities, which allows issuers to raise capital through public offerings and participation in transactions, first landed in El Salvador in January 2024. The company became one of the earliest registered and licensed digital asset service providers in the country.

The initiative represents the next stage for El Salvador’s BTC-based capital market, aiming to make capital and investment accessible to a wider audience by disintermediating traditional finance and democratizing it.

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