The authorities of El Salvador will distribute to the citizens of the country $30 BTC - Bits Media

According to the decree of the President of Salvador Nayyib Bukele (Here's to watching), all citizens of the country are older 15 years will receive $30 in bitcoins to a special digital wallet Chivo.

In a recent address to the nation, the President of El Salvador reaffirmed, what with 7 bitcoin will become legal in September Payment. It means, that with bitcoin it will be possible to pay for products and services at any retail outlets. In order to popularize bitcoin, it was decided about its free distribution among citizens, so that they begin to learn to use this cryptocurrency now.

The population of Salvador is 6.5 million people, 70% the population is older 15 years old. Considering such data, The state will give out citizens of the country 3440 BTC in the amount of about $117 million. To get cryptocurrency, Users must download the CHIVO mobile wallet application and confirm their identity. With this wallet, people will be able to send and receive BTC, and also convert them into a fiat currency.

In early June, the lawmakers of Salvador adopted a bill, Bitcoin endowing the status of a legal means of payment in the country. Books claims, that this law is aimed at supporting those, who does not have access to banking services. According to the president, If you do not oblige firms and sellers to take bitcoins, This step would become discriminatory. He explained, What about people, not using banking services, there may not be other payments.

President Salvadora also stated, that the geothermal energy of volcanoes will be used to extract bitcoins. New wells were discovered in the country, which can provide additional capacities for 95 MW. Even such resources for Bitcoin production can bring a large income to the country. Means, Bitcoin sales proceeds, will be spent on the development of state infrastructure, namely for the construction of new schools and pharmacies.

Note, that some Latin American countries are also ready to follow the example of Salvador to legalize bitcoin. Such an opportunity began to consider a paragraph, Panama, Brazil, Mexico and Argentina.