WORLDKINGS TIMES

Monday, February 26, 2024
Home Daily news El Salvador to install Bitcoin ATMs

El Salvador to install Bitcoin ATMs

(Worldmark.world) El Salvador's President Nayib Bukele has announced the country will install 200 Bitcoin ATMs as part of an effort to adopt the cryptocurrency as the official currency of the country, according to a report by Markets Insider.

These ATMs will work alongside the government’s cryptocurrency app Chivo. Users that download the app will receive $30 in bitcoin and will be able to convert bitcoin into U.S. dollars.

El Salvador is adopting bitcoin as a way to reach out to the 70% of El Salvadorans who do not have access to financial services.

According to atmmarketplace.com

- Advertisment -

Most Popular

Top 500 places to visit before you die (P.252) Mazatlán: Famous sea city in west Mexico

Mazatlán's coastline is its crowning jewel, offering miles of pristine sandy beaches lapped by the azure waters of the Pacific Ocean. From the bustling...

Top spectacular natural landmarks of the world (P.444) Fiery Furnace: The stunning sunset spots of Utah

The landscape of Fiery Furnace is a mesmerizing labyrinth of narrow sandstone canyons, towering rock formations, and delicate arches, all set against the backdrop...

Greatest roads in the world (P.146) Gardena Pass: popular route to explore the Dolomites region

As travelers traverse its winding roads, they are treated to a plethora of stop spots that showcase the region's natural beauty, cultural heritage, and...

Herb Doctor-Record holder Phung Tuan Giang achieved a Golden Plate of Dedication and a Medal from World Records Institute

In accordance with the consistent dedications of Herb Doctor, Record Holder Phung Tuan Giang to the field of research and development of Vietnamese Traditional Medicine, as...