El Salvador continues to strengthen its global leadership in Bitcoin adoption by signing a Letter of Intent (LOI) with Pakistan to collaborate on strategic reserves, sustainable Bitcoin mining, and specialized financial education.
The agreement was announced following a meeting between President Nayib Bukele and Bilal Bin Saqib, Pakistan’s Minister of Crypto and Blockchain. “We are creating a legacy between two countries coming together under the premise of Bitcoin. This marks the beginning of a new era of diplomacy—Bitcoin diplomacy. I call it biplomacy,” said Bin Saqib. He emphasized the potential for Pakistan, with over 250 million people—70% of whom are under 30—to learn from El Salvador’s pioneering model.
Referring to Bukele, he added, “You have the best founder possible in a government leadership position.”
Representing El Salvador, Stacy Herbert, director of the National Bitcoin Office (ONBTC), highlighted the country’s position as a global leader in Bitcoin adoption. “We are the number one country in the world in Bitcoin adoption across capital markets, diplomacy, and education. We are helping Pakistan develop its Bitcoin policy, especially its strategic reserve and mining plans—but most importantly, education,” she said.
According to ONBTC, the purpose of the LOI is to outline the mutual intent of both nations to explore and establish strategic cooperation in Bitcoin education, mining, sovereign reserves, and broader efforts to promote financial inclusion and digital economic empowerment through the responsible use of Bitcoin and decentralized technologies.