THELOGICALINDIAN - El Salvador the country that fabricated bitcoin acknowledged breakable alongside the US dollar has purchased added bitcoin The Salvadoran government now holds 700 bill according to President Nayib Bukele
El Salvador Buys the Dip
El Salvador’s president, Nayib Bukele, appear aboriginal Monday morning that his government has purchased 150 added bitcoins. The country’s bitcoin law went into aftereffect on Sept. 7 authoritative the cryptocurrency legal tender alongside the U.S. dollar. He tweeted: “We aloof bought the dip. 150 new coins! El Salvador now holds 700 coins.”
“They can never exhausted you if you buy the dips … Presidential advice,” he added wrote.
The amount of bitcoin was aerial about $45K back he fabricated the announcement. It has back dropped to $43,326 at the time of autograph based on abstracts from Bitcoin.com Markets.
El Salvador started buying bitcoin on Sept. 6 advanced of the bitcoin law demography effect. On Sept. 7, Bukele appear that his country had bought a total of 550 bitcoins.
According to cryptocurrency ATM tracking website Coinatmradar.com, El Salvador now has 205 crypto ATM locations, authoritative it the country with the third-highest cardinal of crypto ATMs, abaft alone the U.S. and Canada. However, there are letters that the Salvadoran Court of Accounts is planning to investigate the government’s bitcoin ATM purchases and Chivo kiosk construction.
The barrage of the government’s bitcoin wallet, the Chivo wallet, was off to a rocky start. However, on Sept. 16, Bukele claimed that the Chivo app is “already alive 100%” According to reports, remittance providers like Moneygram and Western Union could lose up to $400 million annually if the Chivo wallet is acclimated more.
On Friday, Bukele tweeted that 1.1 actor Salvadorans already use the Chivo wallet, abacus that “we haven’t enabled 65% of buzz models yet.” He opined:
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