Nayib Bukele, President of El Salvador, encouraged Rumble CEO Chris Pavolvski to relocate his company to the country. This comes one day after Tether announced its own move.

The Salvadoran government recently softened its maximalist pro-Bitcoin laws and is now seeking more strategic partnerships with leading crypto firms.

Rumble Considers El Salvador

El Salvador is one of the world’s most crypto-friendly governments, and it wants the industry to set up shop there. Just yesterday, Tether announced that it was relocating there after acquiring a new license. Rumble CEO Chris Pavlovski reached out to the firm to discuss the El Salvador move, and Bukele threw out a simple offer in response:

“You should move your headquarters here too,” Bukele said.

In a few years, it does make sense for Rumble to follow Tether to El Salvador. For one thing, Tether is a major investor in the platform, giving it $775 million in the last month.

The two firms are already quite entangled, and a relocation like this could make a lot of sense. Pavlovski also retweeted several enthusiastic posts about Tether’s move.

Moreover, Rumble might be attracted to El Salvador due to its affinity with Bitcoin. Last November, the firm began allocating its cash reserves to Bitcoin, starting with a $20 million investment. El Salvador has been a major Bitcoin purchaser since Bukele made it a legal currency and advocates Bitcoinization worldwide.

El Salvador has been trying to maintain its reputation as a global crypto hub through moves l

Go to Source to See Full Article
Author: Landon Manning