Bukele, President of El Salvador with laser eyes. Playback/Twitter.With the approval of the new law that grants legal tender to Bitcoin, all establishments established in Salvadoran territory will have to accept cryptocurrency as a form of payment. Approved in early June, the law that provides legal tender to Bitcoin in Salvadoran territory will also lead all commercial establishments in the country to accept Bitcoin as payment currency. By law, it will be up to the government to enable mechanisms for all businesses to accept cryptocurrency , making important franchises of large establishments operating in El Salvador, such as Walmart and McDonald's, to accept Bitcoin as a form of payment. Since the law was passed, the government of El Salvador has spared no efforts to encourage the use of cryptocurrency in its territory. Encouraging mining via renewable energy from volcanoes and even distributing $30 Bitcoin vouchers to all registered adult citizens. Bitcoin is emerging as an alternative in El Salvador solving an old problem in the Salvadoran economy, the dollar. For many years El Salvador does not have its own currency, using the US dollar in its territory and consequently not guiding its own monetary policy, being totally hostage to American decisions. In addition to solving the problems of export inflation and intermediary barriers, Bitcoin provides El Salvador the chance to take advantage of the commercial boom of the rising cryptographic market, surfing and taking advantage of all the economic stimuli of this process.To stay up to date, follow the QR Capital on Instagram and on Twitter.McDonald's and Walmart content to accept Bitcoin in El Salvador appears first in BlockTrends – Blockchain | Investments | Economy.
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