El Salvadorianer convert her USD into BTC because interest in Bitcoin is increasing

Von Krypto News Österreich

One month after the Bitcoin Act came into force in the Central American nation El Salvador, interest in cryptocurrency has increased, since a larger percentage of the residents exchanges their dollars to BTC.

In a Twitter, Nayib Bukele, Created crypto wallet app from El Salvador-Chivo-has reported about 24,076 transfers, which adds to massive 3,069,761.05 USD on a single day.

In addition, President Bukele found that the rate with which Salvadorians convert more of their USD bar money into Bitcoin is significantly higher than the rate that they canceled from their containers at the Chivo BTC cash union scattered in the whole country.

2 new chivo facts:

1. People enter a lot more USD (to buy

2. Today we have received 24,076 transfers that add up to USD 3,069,761.05 (in one day).

- nayib bukele 🇸🇻 (@nayibbukele) 16. October 2021

no unfounded assertion

In the knowledge that some critics will question the credibility of his claims, President Bukele Kühn asked the media to carry out and confirm their independent research.

"Each media office can confirm this independently by visiting the ATMs," he said.

At the beginning of her Bitcoin adoption trip, El Salvador and his president received a counter-reaction of skeptics who argued that the state's decision would harm the country's economy. Even a top economist Bukele and described the introduction of Bitcoin as "very stupid".

not resign

Despite the opposition, El Salvador has not given his determination of making Bitcoin into a legal means of payment in the country.

This increase in interest in cryptocurrency is a clear indication of a change in the mood of about 70% of Salvadorians who were originally dissatisfied with the law.

currently is the population of El Salvador, which the Chivo Wallet is significantly higher than those with local bank accounts to promote financial inclusion.

In addition, the use of Bitcoin in the country has opened many options for the residents of receiving subsidies for some basic activities, including discounts on fuel purchases.

Foreign investors in El Salvador also benefit from the law because they do not tax the capital gains from their Bitcoin investments.

save the puppies

Interestingly, animals were not left out. Just a few days ago, President Bukele announced that his government would use the profits from her Bitcoin investment to build a huge animal hospital .

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