El Salvador buys more Bitcoin - Land now holds 700 BTC - featured
El Salvador buys more Bitcoin - Land now holds 700 BTC - featured
El Salvador, the country that Bitcoin has made a legal means of payment next to the US dollar, bought more Bitcoin. According to President Nayib Bukele, the Salvadorian government now has 700 coins.
el Salvador buys the dip
The President of El Salvador, Nayib Bukele, announced early Monday morning that his government bought 150 more Bitcoins. The country's Bitcoin Act came into force on September 7th and made the cryptocurrency Legal payment methods next to the US dollar. He tweeted: "We just bought the dip. 150 new coins! El Salvador now holds 700 coins."
"You can never beat you if you buy the dips ... advice from the president," he continued.
The Bitcoin Prize fluctuated by $ 45,000 at the announcement. It has dropped since at 43.326 US dollar based on data based on data from bitcoin.com-markets .
el Salvador Bitcoin on September 6th, before the Bitcoin law comes into force. On September 7, Bukele announced that his country a target = "_ blank" href = "https://news.bitcoin.com/first-day-bitcoin-legal-tender-alvador-buys-dip-cuntrys-stohsh-grows/" Rel = "noopener"> A total of 550 Bitcoins.
according to the cryptocurrency automatic-tracking website coinatmradar.com , El Salvador now has 205 crypto cash locations and is therefore the country with the third highest number Crypto Automats, only behind the USA and Canada. However, there are reports that the Salvador Planning to examine the government's Bitcoin money machine purchases and the construction of the Chivo kiosk.
The introduction of the government's Bitcoin Wallet, the Chivo Wallet, stood shortly before stony start . On September 16, however, Bukele claimed that the Chivo app "already works 100%". According to reports, transfer providers such as Moneygram and Western Union Lose up to $ 400 million annually is used.
On Friday, Bukele tweeted that 1.1 million Salvadorians are already using the Chivo letter bag, and added that "we have not yet activated 65% of the telephone models". He said:
It seems that we can do more people in a month than they did with nationalization and privatizations of traditional banks in 40 years.
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