The law legalizing Bitcoin in El Salvador comes into force on September 7.
According to President Bukele, the government has already practically prepared the infrastructure for the use of Bitcoin by citizens.
According to him, more than 500 Bitcoin ATMs will operate in the country, with which it will be possible to convert BTC into cash without commission. In addition, El Salvador will release a government wallet called Chivo.
The president also wrote that there will be no pressure on people who want to stay in fiat:
What if you don't want to use Bitcoin? Don't download Chivo and continue living your normal life. No one will take your dollars. You can always go to Western Union to stand in line and pay a commission.
Subscribe to ForkNews in Telegram to stay up to date with news from the world of cryptocurrencies
According to cointelegraph.com
You May Also Like
Tony Weiss predicts a sharp rise in Bitcoin
Well-known trader and analyst Ton Weiss is betting on a strong Bitcoin breakout.
Tesla can be bought with crypto again
The Car For Coin auction began accepting cryptocurrency on a par with US dollars for luxury cars.
