Free Bitcoin: El Salvador will give US$30 in BTC for those who use government wallet

Charlie Taylor

Coingoback" srcset=" 700w, uploads/2022/06/Banner-Coingoback-700x150-1-300x64.jpg 300w, 150w, 585w" data-sizes="(max-width: 700px) 100vw, 700px " width="700" height="150" style="display: inline-block;"/>El Salvador President Nayib Bukele announced a bitcoin offer to promote the use of bitcoin as a legal currency in the economy and for give people an incentive to use the official government wallet app.

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“It will be within the Chivo app where we will deposit the equivalent of $30 in bitcoin to promote its use in the economy and give people an incentive to use the app.”

With the $30 incentive in bitcoin, he said: "We want the population to use this system and bitcoin as legal currency" to boost the economy and "help the country's economic growth." Certificate), required for account verification, you must be at least 18 years of age. This means that out of El Salvador's total population of 6.5 million based on Woldometer data, only adults aged 18 and over are eligible to receive the BTC bonus. The Salvadoran president further detailed that the Chivo app will allow users to convert funds between dollars into bitcoin, make payments and send money using a QR code. In addition, he said that app users can purchase BTC “safely, instantly and without fees.” He emphasized that using, receiving and investing in bitcoin in El Salvador is optional, noting that the $30 BTC bonus it will be the only time recipients must accept the cryptocurrency. To spend, users can choose to use bitcoin or dollars if they have both coins in their wallets. El Salvador's bitcoin law will go into effect on Sept. 7, Bukele noted. “We will ensure that all cash transactions remain in dollars,” he clarified. Previously, Bukele also promised that the government wallet will not be mandatory, users will be able to choose any other to use bitcoin on a day-to-day basis.Buy Bitcoin at Coinext
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