The law on the legalization of 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 will work in the country.bitcoin ATMs, 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 wishing to stay in Fiat:
What if you don't want to use Bitcoin?Don't download Chivo and go on with your normal life. Nobody will take your dollars away. You can always go to Western Union, stand in line and pay a commission.
Subscribe to ForkNews on Telegram to keep abreast of news from the world of cryptocurrencies
Based on materialscointelegraph.com
Read this:
Opposition in El Salvador demanded to recognize the legalization of BTC illegal
Over 7,000 Bitcoin ATMs installed in the world
In El Salvador, they offered to mine bitcoin on the energy of volcanoes
IMF disapproves of legalization of bitcoin in El Salvador
US Bitcoin ATM Network Begins Shut Down Devices Due to Coronavirus
The number of bitcoin ATMs has grown by 71% since the beginning of 2021