El Salvador offers $30 bitcoin starter account, use optional

El Salvador offers $30 bitcoin starter account, use optional

3 years ago
Anonymous $drS9DEX_Sj

https://apnews.com/b9ccf6385c9aa0d8d6440ef4d3d77953

SAN SALVADOR, El Salvador (AP) — El Salvador’s president says use of the cryptocurrency Bitcoin will not be mandatory, but the country is planning to give out starter accounts with $30 to promote its use.

Finance Minister Alejandro Zelaya said Thursday the government will allocate $120 million to establish as many as 4 million starter Bitcoin accounts, or “wallets,” though he doesn’t think that many people will take up the offer. The wallets are to be known as “Chivo,” a slang word meaning “cool," or nice.

El Salvador offers $30 bitcoin starter account, use optional

Jun 25, 2021, 8:13pm UTC
https://apnews.com/b9ccf6385c9aa0d8d6440ef4d3d77953 > SAN SALVADOR, El Salvador (AP) — El Salvador’s president says use of the cryptocurrency Bitcoin will not be mandatory, but the country is planning to give out starter accounts with $30 to promote its use. > Finance Minister Alejandro Zelaya said Thursday the government will allocate $120 million to establish as many as 4 million starter Bitcoin accounts, or “wallets,” though he doesn’t think that many people will take up the offer. The wallets are to be known as “Chivo,” a slang word meaning “cool," or nice.