The president addressed widespread concerns that bitcoin use might become mandatory in El Salvador—which will continue to use the U.S. dollar as legal tender—reassuring citizens the “use of bitcoin will be optional,” ReutersSalaries and pensions will continue to be paid in dollars, he said, and anyone being paid in bitcoin “can choose to automatically receive it in dollars.”
Bukele said the adoption of bitcoin as legal tender would not be the same as when El Salvador adopted the dollar and bank accounts converted the former currency of colóns, to dollars. Bukele reiterated that one of the key drivers of the law is to help people sending remittances back to El Salvador, as the payments typically suffer from high transaction and commission costs. The U.S. dollar has been the official currency in El Salvador since 2001, which bitcoin will join, not replace, as legal tender. The decision to adopt the cryptocurrency as legal tender—
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Should receive 30 coins instead. That maffia state could afford to give some back to it's people besides crimes.
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China ban, UK ban, US ban…
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I'd rather any crypto than that sht coin $USD.
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I hope that helps reduce: -Extreme poverty -Stop illegal immigration to US -Corruption from the government -Crimes -Illiteracy -Gang extortion Etc..
$BTC next $SHIB ;)
Yo quiero mis 30 bolas 😂
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Bitcoin will repair the South American economy.
a largo plazo serán miles de dólares
They better HODL
Money laundering. Official but probably still money laundering.
What a genius idea to use tax money to give back to the people. Brilliant. 👏👏 Applause. bitcoin btc BitcoinIsHope
Hopefully, they don’t get hacked.
$15 actually after it lost value.
So they are basically receiving nothing in hopes it grows🙄
Venezuela can use bitcoin to rebuild their economy.
With 40% of the population in rural areas, approx 20% living in poverty I’m sure they will all be able to log on with their iPhones and set up their digital wallets!