Thursday, September 16

El Salvador installs 200 bitcoin ATMs | Digital Trends Spanish

El Salvador’s President Nayib Bukele is fulfilling his promise to make bitcoin an official currency in the country. And for this, the installation of ATMs that will convert electronic currency into dollars has already begun.

Bukele used Twitter to make the announcement, in which he explains that all bitcoin can be withdrawn in the form of cash from these ATMs. And in addition to the 200 ATMs, there will also be 50 branches in which both withdrawals or deposits can be made to and from the citizens’ electronic wallet.

The Salvadoran president also highlights that all these financial movements will be done without commissions, through the use of an application called Chivo, with which people will manage the electronic wallet. According to Bukele, each year more than 400 million dollars are paid in commissions for withdrawal of dollars in El Salvador.

Nayib Bukele has also dedicated himself to highlighting that the use of bitcoin will be an alternative, but not a government imposition or anything like that. Although they do want to promote electronic currency and for this, each Salvadoran person who downloads Chivo will receive a $ 30 gift to use as they see fit.

A Salvadoran abroad will be able to send money INSTANTLY to their relative in El Salvador. Will be able to send you #bitcoin (if you want) or you can send DOLLARS, if you wish.

If you don’t want to, you can always go to the Western Union queue and pay commission. There is no problem.

& mdash; Nayib Bukele 🇸🇻 (@nayibbukele) August 23, 2021

Bukele also accuses the opposition of El Salvador of trying to torpedo this law, but that “uOnce in force, the people will see the benefits ”and their opponents“ will be left as liars and will lose double ”.

The truth is that this law in favor of bitcoin, promulgated in June and that will become effective in September, is one of the great bets of Nayib Bukele. Perhaps not so much because of the modernization that the use of an electronic currency implies, but because of the potential benefits that it could provide to Salvadorans who do not have access to traditional banking.

Editor’s Recommendations

var stage = decodeURIComponent(0); var options = JSON.parse(decodeURIComponent('')); var allOptions = {};

if (stage > 0 && window.DTOptions) { allOptions = window.DTOptions.getAll();

Object.keys(options).forEach(function(groupK) { if (options[groupK] && typeof options[groupK] === 'object') { Object.keys(options[groupK]).forEach(function(k) { if (!allOptions[groupK] || typeof allOptions[groupK] !== 'object') { allOptions[groupK] = {}; }

allOptions[groupK][k] = options[groupK][k]; }); } }); } else { allOptions = options; }

var getAll = function () { return allOptions; };

var get = function (key, group, def) { key = key || ''; group = group || decodeURIComponent('qnqb92BhrzmkpqGx'); def = (typeof def !== 'undefined') ? def : null;

if (typeof allOptions[group] !== 'undefined') { if (key && typeof allOptions[group][key] !== 'undefined') { return allOptions[group][key]; } }

return def; };

var set = function (key, group, data) { key = key || ''; group = group || decodeURIComponent('qnqb92BhrzmkpqGx'); data = data || null;

if (key) { if (typeof allOptions[group] === 'undefined') { allOptions[group] = {}; }

allOptions[group][key] = data; } };

var del = function (key, group) { key = key || ''; group = group || decodeURIComponent('qnqb92BhrzmkpqGx');

if (typeof allOptions[group] !== 'undefined') { if (key && typeof allOptions[group][key] !== 'undefined') { allOptions[group][key] = null; } } };

window.DTOptions = { get: get, getAll: getAll, set: set, del: del, }; }());

Leave a Reply

Your email address will not be published. Required fields are marked *