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Stepn x Adidas Genesis Sneakers: A New Era in Fitness

The Stepn x Adidas Genesis Sneakers Collection: A Revolutionary Partnership The fusion of the digital and physical worlds is more than a trend; it is a burgeoning reality. The recent collaboration between Stepn and Adidas exemplifies this transformative shift. With the launch of the Genesis Sneakers collection, both companies are poised to redefine the boundaries of fitness, fashion, and technology in lifestyle rewards. This partnership is not only groundbreaking but also sets the stage for future innovations in the ever-evolving landscape of fitness applications and digital assets. A New Era of Phygital Experiences Stepn, a pioneering move-to-earn FitTech app, has taken a bold leap by teaming up with a global powerhouse like Adidas. This collaboration signifies a pivotal moment in the fitness and lifestyle sector, as highlighted by Stepn CEO Shiti Manghani: Phygital Partnership : The merging of physical and digital assets marks a new direction for lifestyle rewards. Enhanced...
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Produced by Daniel Aharonoff & Mogul Media AI

El Salvador's Bitcoin Ambitions Under Bukele

El Salvador’s Unwavering Bitcoin Ambitions Under President Nayib Bukele

El Salvador remains steadfast in its commitment to Bitcoin, with Vice President Felix Ulloa indicating that the largest cryptocurrency by market cap will continue to be legal tender if President Nayib Bukele secures another term. The country made headlines in 2021 when it adopted Bitcoin as legal tender alongside the U.S. dollar under Bukele’s leadership. Despite facing criticism from international institutions like the IMF and the U.S. government, Bukele has garnered praise from citizens for his efforts in reducing crime and making the country safer.

The Bitcoin Policy Landscape in El Salvador

  • Vice President Felix Ulloa emphasized that Bitcoin will remain legal tender if Bukele wins another term.
  • El Salvador made Bitcoin legal tender in 2021 under President Nayib Bukele, alongside the U.S. dollar.
  • The approval of multiple Bitcoin exchange-traded funds (ETFs) in the U.S. on January 10 was seen as a positive signal for El Salvador’s Bitcoin policy.

Controversies Surrounding Bukele’s Administration

  • While Bukele’s administration has been credited with reducing crime rates, human rights groups have criticized the government for alleged harsh crackdowns on citizens.
  • Reports of a mega prison built by Salvadoran authorities, with a significant portion of the population incarcerated and instances of inmate deaths, have raised concerns.
  • Despite controversy, polls suggest that Bukele is expected to win reelection, potentially leading to the realization of plans for Bitcoin City—a tech-friendly city powered by a volcano and funded by Bitcoin-backed bonds.

El Salvador’s Vision for a Crypto-Friendly Environment

  • El Salvador aims to position itself as a tropical tax haven to attract nomadic, crypto-loving entrepreneurs.
  • The government introduced a visa program offering foreigners passport and residency if they invest $1 million in Bitcoin or Tether in the country.
  • While Bukele enjoys popularity among Salvadorans, the adoption of Bitcoin as a widely used currency by the population remains a challenge.

El Salvador’s unwavering commitment to Bitcoin, coupled with President Nayib Bukele’s ambitious plans for the country’s future, sets the stage for an intriguing intersection of cryptocurrency and governance in the region.

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