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El Salvador plans to share $30 in BTC to adult citizens

El Salvador plans to share $30 in BTC to adult citizens

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.

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