Salvadoran bitcoin users to get $30 from government: preside… – MENAFN.COM

Salvadoran bitcoin users to get $30 from government: preside… – MENAFN.COM

Facing resistance from the World Bank, IMF and opposition parties to his move to make bitcoin legal tender in El Salvador, President Nayib Bukele has promised $30 for each citizen who adopts the cryptocurrency. Initiated by Bukele, El Salvador's parliament approved a law this month to allow the crypto money to be accepted as tender for all goods and services in the small Central American nation, along with the US dollar, its national currency. The crypto money will become legal tender in September. Bukele said that in a bid to boost its wide adoption, each citizen who opens an electronic bitcoin "wallet" named Chivo will have the equivalent of $30 uploaded to their account. "It will be a gift," Bukele told national television late Thursday. "Just download and register and you will receive the bitcoin equivalent of $30 to use." Bukele did not specify where the money would come from. He said more than 50, 000 people in the country of 6. 5 million were already using bitcoin. On Twitter, the president also accused the opposition of trying to "sow fear" among Salvadorans about the bitcoin law. He gave an assurance that use of the cryptocurrency will be optional, and