Recently, Coinbase Co-Founder and CEO Brian Armstrong commented on a report by the Financial Times (FT) about Brazil and Argentina starting “preparations for a common currency.”

As you may know, on 5 June 2021, Zap Solutions (a Bitcoin payments startup that uses the Lightning Network) Founder and CEO Jack Mallers announced at Miami’s Bitcoin 2021 conference that El Salvador’s government wanted to pass legislation to make Bitcoin legal tender (alongside the U.S. dollar).

During his talk, an emotional Mallers presented a recorded video message from President Bukele and read out a small passage from the proposed bill. Mallers went on to say that his firm would be opening an innovation center in El Salvador with the help of Blockstream.