Salvadoran president Nayib Bukele announced that 200 ATMs and 50 personal kiosks will be built for the launch on September 7. President Bukele also noted that the government will contribute to the trading of bitcoins without requesting any commissions.
Salvadoran president Nayib Bukele announced on Twitter on Sunday that 200 ATMs and 50 personal kiosks will be built to launch on September 7 to support upcoming legislation making Bitcoin legal tender. President Bukele also noted that the government will facilitate the trading of bitcoin in El Salvador through the new Chivo app, without requiring a commission.
On Twitter, Bukele suggested several ways el Salvadorans could take advantage of a simple Bitcoin link promising to bid for the government, such as paying in bitcoins via the Chivo app or cashing in bitcoins at one of 200 new ATMs instead.
Perhaps October’s biggest advantage for a citizen using Chivo is the ability to send and receive transfers at no additional cost. “Our city pays $ 400 million a year in remittance fees,”Bukele said. With Bitcoin, this number can be effectively reduced to zero.
The app of Salvador Civo, who sold the bitcoin Commission issued immediately after Jack Muller’s strike, made it possible to buy and withdraw bitcoins almost painlessly.
He tweeted: “an el Salvadoran abroad will be able to send the money directly to a member of his family in El Salvador. # You can send your bitcoin (if you want) or send your dollars if you want.”
Another relative benefit of entrepreneurs and citizens who decide to download the app includes receiving payments and gifts in bitcoins from other citizens and tourists, as well as expanding their business to support the target, low-fee money transfers from anywhere in the world, the president said.
Bukele also stated that, despite some misunderstandings, the adoption of bitcoin is an individual choice for each citizen, and
