President of El Salvador: Bitcoin Law Will Be Supported By 200 ATMs and 50 Branches

President of El Salvador: Bitcoin Law Will Be Supported By 200 ATMs and 50 Branches


The President of El Salvador, Nayib Bukele, announced via Twitter Sunday that 200 ATMs and 50 in-person kiosks are being built to launch on September 7 to support its forthcoming law making Bitcoin legal tender. President Bukele also noted that the government will facilitate the buying and selling of Bitcoin in El Salvador through its new Chivo App without collecting any commission.

Bukele’s Twitter thread suggested many ways El Salvadorians can choose to benefit from the simple onboarding into Bitcoin the government promised to provide, such as receiving payment in Bitcoin through the Chivo app, or instead choosing to cash Bitcoin out in one of the 200 new ATMs.



Source link

Leave a Comment

Your email address will not be published.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