Bitcoin to become legal tender in El Salvador on Sept 7

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Bitcoin to become legal tender in El Salvador on Sept 7

Reuters2021-06-25

SAN SALVADOR, June 24 (Reuters) - El Salvador's President Nayib Bukele said in a national address on Thursday that a recently passed law making bitcoin legal tender will take effect on Sept. 7, noting that its use will be optional.

El Salvador's Congress on June 9 approved Bukele's proposal to embrace the cryptocurrency, making El Salvador the first country in the world to adopt bitcoin as legal tender.

"The use of bitcoin will be optional, nobody will receive bitcoin if they don't want it... If someone receives a payment in bitcoin they can choose to automatically receive it in dollars," said Bukele.

Salaries and pensions will continue to be paid in U.S. dollars, said Bukele, without specifying if that included salaries paid to state workers and private sector employees.

Earlier in the day Athena Bitcoin said it plans to invest over $1 million to install some 1,500 cryptocurrency ATMs in El Salvador, especially where residents receive remittances from abroad.

According to Athena Bitcoin's website, the ATMs can be used to buy bitcoins or sell them for cash.

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Comment（33）

nailclipper
·2021-06-28
woawlawoa
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Heycolours
·2021-06-25
Comment
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syleo
·2021-06-25
?
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2
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- starbu:
  more countries pls!
  2021-06-25
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MieCheng
·2021-06-25
Good
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1
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- MieCheng:
  nice
  2021-06-25
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Tongkong
·2021-06-25
Good
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2
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Tongkong
·2021-06-25
Liked
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3
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WDLin
·2021-06-25
wow~
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1
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jiahaoooooo
·2021-06-25
??
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1
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- Abc123:
  ?
  2021-06-25
  Reply
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SKCraft
·2021-06-25
Crazy
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diversify
·2021-06-25
doesnt bode well for climate change if they dont find a more sustainable way to use bitcoin
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2
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- Platypat:
  True brother
  2021-06-25
  Reply
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bzlim
·2021-06-25
If the complain about their currency being unstable and yet chose crypto to be their currency of choice. Really says alot of their thinking considering how bitcoin fluctuates like crazy.
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- bzlim:
  You mean for the drug dealers? Isn't it helping the wrong side of law then?
  2021-06-25
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- Platypat:
  Well el salvador is full of drug dealers. So this is to their advantage
  2021-06-25
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chiaguan
·2021-06-25
Roller coaster ride ?
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presEXCO
·2021-06-25
Nice, finaly some good news for bitcoin
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DingX2
·2021-06-25
?
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EdmundWu
·2021-06-25
Lol... This is going to be interesting.
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US_watchlist
·2021-06-25
Bitcoin for banana republic. ,?
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- Foreverhuat:
  Crazy days
  2021-06-25
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hellotomato
·2021-06-25
Pls like
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3
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- US_watchlist:
  great
  2021-06-25
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Tazjonz
·2021-06-25
Oh Bitcoin is good
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- Tazjonz:
  Way to go
  2021-06-25
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zolluA
·2021-06-25
now paraguay too [Smile]
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Orangejus
·2021-06-25
Oh this is quite interesting… everyone will be looking to see how this fares in a real world economy…. Bitcoin bulls should be boosted for the next month or so. Aunty Cathy will also be quite happywith this news… =)
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bode well for climate change if they dont find a more sustainable way to use bitcoin","listText":"doesnt bode well for climate change if they dont find a more sustainable way to use bitcoin","text":"doesnt bode well for climate change if they dont find a more sustainable way to use bitcoin","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/122395299","repostId":2146021046,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5009647,"gmtCreate":1624600399506,"gmtModify":1663229981636,"authorId":3586910069385777,"author":{"id":3586910069385777,"idStr":"3586910069385777","authorId":3586910069385777,"name":"Platypat","avatar":"https://community-static.tradeup.com/news/4ce9037ef4459431155bfa046089601a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":122395299,"type":1,"supId":0,"prevId":0,"content":"True brother","text":"True brother","html":"True brother"}],"langContent":"EN"},{"id":122300435,"gmtCreate":1624595660027,"gmtModify":1703841323541,"author":{"id":"3572436349218639","authorId":"3572436349218639","name":"bzlim","avatar":"https://static.tigerbbs.com/3b2aafaf14823285f7393917b6ff4f54","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3572436349218639","authorIdStr":"3572436349218639"},"htmlText":"If the complain about their currency being unstable and yet chose crypto to be their currency of choice. Really says alot of their thinking considering how bitcoin fluctuates like crazy.&nbsp;","listText":"If the complain about their currency being unstable and yet chose crypto to be their currency of choice. Really says alot of their thinking considering how bitcoin fluctuates like crazy.&nbsp;","text":"If the complain about their currency being unstable and yet chose crypto to be their currency of choice. Really says alot of their thinking considering how bitcoin fluctuates like crazy.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/122300435","repostId":2146021046,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5010594,"gmtCreate":1624606853907,"gmtModify":1663229988248,"authorId":3572436349218639,"author":{"id":3572436349218639,"idStr":"3572436349218639","authorId":3572436349218639,"name":"bzlim","avatar":"https://static.tigerbbs.com/3b2aafaf14823285f7393917b6ff4f54","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":122300435,"type":1,"supId":5009656,"prevId":0,"content":"You mean for the drug dealers? Isn't it helping the wrong side of law then?","text":"You mean for the drug dealers? Isn't it helping the wrong side of law then?","html":"You mean for the drug dealers? Isn't it helping the wrong side of law then?"},{"id":5009656,"gmtCreate":1624600446190,"gmtModify":1663229981346,"authorId":3586910069385777,"author":{"id":3586910069385777,"idStr":"3586910069385777","authorId":3586910069385777,"name":"Platypat","avatar":"https://community-static.tradeup.com/news/4ce9037ef4459431155bfa046089601a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":122300435,"type":1,"supId":0,"prevId":0,"content":"Well el salvador is full of drug dealers. So this is to their advantage","text":"Well el salvador is full of drug dealers. So this is to their advantage","html":"Well el salvador is full of drug dealers. So this is to their advantage"}],"langContent":"EN"},{"id":122974299,"gmtCreate":1624595533611,"gmtModify":1703841320468,"author":{"id":"3586254581176175","authorId":"3586254581176175","name":"chiaguan","avatar":"https://static.tigerbbs.com/8fdcac0f133f5908b89db95162453f46","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3586254581176175","authorIdStr":"3586254581176175"},"htmlText":"Roller coaster ride ?","listText":"Roller coaster ride ?","text":"Roller coaster ride ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/122974299","repostId":2146021046,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":122962130,"gmtCreate":1624593517020,"gmtModify":1703841260278,"author":{"id":"4087304341752500","authorId":"4087304341752500","name":"presEXCO","avatar":"https://static.tigerbbs.com/d54e7aa5fdfeef932d3d62282e8f89a7","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4087304341752500","authorIdStr":"4087304341752500"},"htmlText":"Nice, finaly some good news for bitcoin","listText":"Nice, finaly some good news for bitcoin","text":"Nice, finaly some good news for bitcoin","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/122962130","repostId":2146021046,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":122984300,"gmtCreate":1624593120400,"gmtModify":1703841250200,"author":{"id":"3582589041446805","authorId":"3582589041446805","name":"DingX2","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3582589041446805","authorIdStr":"3582589041446805"},"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/122984300","repostId":2146021046,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":122915416,"gmtCreate":1624592608635,"gmtModify":1703841236211,"author":{"id":"3559991351225926","authorId":"3559991351225926","name":"EdmundWu","avatar":"https://static.tigerbbs.com/dba31ffb48a94dc45ce87fd03262e317","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":2,"crmLevelSwitch":1,"idStr":"3559991351225926","authorIdStr":"3559991351225926"},"htmlText":"Lol... This is&nbsp;going to be interesting.","listText":"Lol... This is&nbsp;going to be interesting.","text":"Lol... This is going to be interesting.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/122915416","repostId":2146021046,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":122991512,"gmtCreate":1624591384136,"gmtModify":1703841200226,"author":{"id":"3581244873474125","authorId":"3581244873474125","name":"US_watchlist","avatar":"https://static.tigerbbs.com/c45e6bbe1cefb0fecde067a20b3c788f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581244873474125","authorIdStr":"3581244873474125"},"htmlText":"Bitcoin for banana republic. ,?","listText":"Bitcoin for banana republic. ,?","text":"Bitcoin for banana republic. ,?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/122991512","repostId":2146021046,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5007852,"gmtCreate":1624591988898,"gmtModify":1663229974144,"authorId":3580354890331124,"author":{"id":3580354890331124,"idStr":"3580354890331124","authorId":3580354890331124,"name":"Foreverhuat","avatar":"https://static.tigerbbs.com/62fc823435d8b068f4f4c4263b83900a","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":122991512,"type":1,"supId":0,"prevId":0,"content":"Crazy days","text":"Crazy days","html":"Crazy 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Bitcoin is good&nbsp;","listText":"Oh Bitcoin is good&nbsp;","text":"Oh Bitcoin is good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/122990605","repostId":2146021046,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5007654,"gmtCreate":1624591201619,"gmtModify":1663229970452,"authorId":3578567927092479,"author":{"id":3578567927092479,"idStr":"3578567927092479","authorId":3578567927092479,"name":"Tazjonz","avatar":"https://static.tigerbbs.com/f84e5692e6809277d605d8442cdc7efa","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 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paraguay too [Smile]&nbsp;","listText":"now paraguay too [Smile]&nbsp;","text":"now paraguay too [Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/122906863","repostId":2146021046,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":122901313,"gmtCreate":1624590895632,"gmtModify":1703841185085,"author":{"id":"3586565070413371","authorId":"3586565070413371","name":"Orangejus","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3586565070413371","authorIdStr":"3586565070413371"},"htmlText":"Oh this is quite interesting… everyone will be looking to see how this fares in a real world&nbsp;economy…. Bitcoin bulls&nbsp;should be boosted for the next month or so. Aunty Cathy will also be quite happywith this news…&nbsp;=)","listText":"Oh this is quite interesting… everyone will be looking to see how this fares in a real world&nbsp;economy…. Bitcoin bulls&nbsp;should be boosted for the next month or so. Aunty Cathy will also be quite happywith this news…&nbsp;=)","text":"Oh this is quite interesting… everyone will be looking to see how this fares in a real world economy…. Bitcoin bulls should be boosted for the next month or so. Aunty Cathy will also be quite happywith this news… =)","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/122901313","repostId":2146021046,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":71,"commentSize":33,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}