According to the local newspaper ABC report, all 350 members of Spain’s Congress of Deputies were sent bitcoin worth a euro each as part of an educational campaign. The Congress of Deputies is the lower house of Spain’s parliament and has 350 members. The initiative was launched by blockchain education platform Tutellus and Observatorio Blockchain “to raise awareness about the ‘transcendental’ role that cryptocurrencies are going to have in the transformation of the economy and society.
The campaign aims to educate lawmakers with new money.
The publication quoted sources saying that they have explained to the deputies that we are in a time of profound changes in the use of money, in addition to highlighting the important role that cryptocurrencies have today. All 350 representatives of the ten parliamentary groups in the lower house of parliament were sent an email with one euro’s equivalent in bitcoin on Wednesday, the news outlet detailed. The bitcoin sent to lawmakers were not donations, according to Miguel Caballero, founder of Tutellus, who launched the Spanish initiative.
Many deputies probably already have some experience in the use of cryptocurrencies, but we would like those who are not yet familiar with the new money to have the opportunity to get in touch with it, he said.
Bitcoin adoption increases this year amid the ongoing pandemic.
The global adoption of the leading cryptocurrency bitcoin reportedly increased this year amid the ongoing pandemic. As reported earlier, according to new research from the blockchain analytical company Chainalyisis, Ukraine beats Russia, China, and more in crypto adoption on different metrics. The Index looks at three on-chain metrics, including the total value of on-chain crypto transactions weighted by purchasing power per capita (PPP), the value of on-chain retail transfers weighted by PPP, and the number of on-chain crypto deposits weighted by the number of internet users.