The Miss Universe contestant from El Salvador this year has surprised viewers by featuring bitcoin as part of her national costume. El Salvador has adopted the cryptocurrency as legal tender and has passed a new regulatory framework for the issuance of its long-awaited bitcoin-backed Volcano bonds.
Bitcoin Showcased in Miss Universe 2023
The Miss Universe 2023 contestant from El Salvador, Alejandra Guajardo, surprised viewers Wednesday night with her choice of costume. Guajardo walked onto the stage in the 71st Miss Universe National Costume Show wearing a costume representing “the evolution of the Salvadoran currency,” the Miss Universe El Salvador official Instagram account described, adding that the outfit is designed by Francisco Guerrero.
Miss El Salvador’s national costume features cacao beans, the colón, the U.S. dollar, and the Bitcoin symbol. Originally, cacao was used as currency in El Salvador. The colón became the official currency of El Salvador from 1892 until it was replaced by the U.S. dollar in January 2001. The costume’s predominant colors are gold, silver, and bronze.
— Noticiero El Salvador 🇸🇻 (@NoticieroSLV) January 12, 2023
Now bitcoin is legal tender in El Salvador alongside the U.S. dollar. El Salvador became the first country to make the world’s largest cryptocurrency legal tender in September 2021. Since then, the country, led by the pro-bitcoin president Nayib Bukele, has purchased thousands of BTC for its treasury. In November last year, Bukele announced that his country will buy bitcoin every day.
On Wednesday, the Salvadoran legislative assembly passed the digital asset issuance law that was proposed last November. It includes a new regulatory framework for the issuance of bitcoin-backed Volcano bonds. “This new digital asset regulatory framework paves the way for its much anticipated Volcano token issuance,” according to Bitfinex, which will be a technology provider for the nation’s Volcano token.
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