Axiedinty

Axiedinty Its Not An Accident, Its Axiedinty

25/01/2022
08/09/2021

President Nayib Bukele pushed for the adoption of cryptocurrency as legal tender alongside the US dollar in El Salvador. "This will help Salvadorans save about $400 million being spent annually on commissions for remittances.", said Bukele.

Additionally, the country has launched its own digital wallet called “Chivo”, which awards users $30 of free Bitcoin to encourage cryptocurrency adoption.

This move will make it cheaper and easier for migrants to send money home to El Salvador, which is important given such remittances account for 24 percent of the country’s GDP.

💬 We would like to hear your thoughts! Which countries could follow El Salvador's lead and declare Bitcoin as legal tender too?

Address


Website

Alerts

Be the first to know and let us send you an email when Axiedinty posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Shortcuts

  • Address
  • Alerts
  • Claim ownership or report listing

  • Want your business to be the top-listed Media Company?

Share