After a five-year run with Bitcoin infrastructure company Blockstream, its now ex-Chief Strategy Officer Samson Mow decided to further focus on nation-state Bitcoin adoption since his advising stint with El Salvador.
In a statement posted on his official Twitter account, Mow announced his graceful departure from the company stating that Blockstream is in a good place after a recent funding project and it’s time for him to exit.
‘Today is my last day with @Blockstream. It’s been a grand adventure working with @adam3us for the last 5 years and together we’ve accomplished a great deal from sidechains, to mining, to satellites. So what’s next? I plan to focus on nation-state #Bitcoin adoption!,’ he said on Twitter.
‘It feels like now is a pivotal point in bitcoin’s evolution—we’re on the verge of mass adoption, and I think that I can make it happen faster,’ Mow added.
As to which company he is eyeing for state-wide crypto adoption, Forbes reported that the executive is considering Mexico to be included on his list. This was according to a reply he posted from one of the Twitter users that asked him which is next in line after El Salvador.
‘I’m working with people from a number of countries and it’s still too early to say for sure but bitcoin adoption in some form will be inevitable,’ says Mow in private correspondence with Forbes via Twitter direct message.
Mow and Blockstream helped advise El Salvador in the country’s transition to Bitcoin adaptation which focused on Bitcoin-backed bonds last September 2021. They were key figures in designing the infrastructure. This will then be issued by March 2022 on Blockstream’s Liquid platform.
‘With everything happening at light speed in El Salvador, and more and more countries interested in adopting bitcoin, I found my time each day just no longer enough anymore,’ Mow stated in his Twitter thread regarding his exit.
The president of El Salvador, Nayib Bukele even shared in his official Twitter account about his predictions regarding Bitcoin adoption, stating that two other Latin American countries will join the movement. He also predicted that Bitcoin will reach US$100,000 in the near future.
According to a report made by CoinDesk, the exit by Mow will ramp up speculation as to which countries will be next to adopt Bitcoin into their official currency transactions, especially with the predictions Bukele made.
Get to know more details about nation-state Bitcoin adoption led by Mow as you browse through cryptocurrency news and updates by BTC Post.
Bitcoin (BTC) $ 21,294.00 0.46%
Ethereum (ETH) $ 1,220.39 1.53%
Tether (USDT) $ 1.00 0.03%
USD Coin (USDC) $ 1.00 0.12%
BNB (BNB) $ 238.80 1.84%
XRP (XRP) $ 0.364779 0.68%
Binance USD (BUSD) $ 1.00 0.14%
Cardano (ADA) $ 0.506983 3.98%
Solana (SOL) $ 40.37 0.37%
Dogecoin (DOGE) $ 0.073530 10.34%
Expand your knowledge and invest in the cryptocurrency industry.