According to Nayib Bukele, El Salvador president, more than 4.5 mln of residents in the Latin American country will receive money. This process will make the oldest digital asset a legal tender. It will be integrated on September 7.
But, it is important to install an official app that is produced by the El Salvador government. It will be a wallet for BTC.
This decision has been praised by the cryptocurrency community around the world.
As stated by on-chain company analyst Willy Woo, this decision will bring more than 2.5% of new BTC users to the community.