El Salvador Receives 1,500 Bitcoin ATMs, Distribute $ 30 Bitcoin for Free - Kakiforex.com - Financial Market Media No. 1 in the World El Salvador Receives 1,500 Bitcoin ATMs, Distribute $ 30 Bitcoin for Free El Salvador Receives 1,500 Bitcoin ATMs, Distribute $ 30 Bitcoin for Free
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June 25, 2021

El Salvador Receives 1,500 Bitcoin ATMs, Distribute $ 30 Bitcoin for Free

 El Salvador seems to be gaining momentum to become the first country to want to recognize Bitcoin as an official currency other than the dollar.


Under the administration of President Nayib Bukele, El Salvador will reportedly receive 1,500 Bitcoin ATM machines as a result of donations by the United States -based Athens company.


1,000? How about 1,500?#BTC♻️πŸŒ‹πŸ‡ΈπŸ‡» https://t.co/PDApT7M7T5


- Nayib Bukele πŸ‡ΈπŸ‡» (@nayibbukele) June 16, 2021


The launch will start in stages, which in the initial phase they will focus on the formation of business models and then target areas that are the focus for remittances in and out of the country.


For now, there are two Bitcoin ATMs already inaugurated in two places: El Zonte beach and El Tunco.



Interestingly, to inject economic growth using Bitcoin, Bukele has announced the provision of Bitcoin worth $ 30 to every adult in the country.


According to current records, the total population of the country reaches 6.5 million. While according to data by Statista shows the population for people aged 15 years and above in 2019 reached 4.72 million.


While it’s not certain how many adults there actually are in El Salvador, crypto analyst Willy Woo, revealed the Bitcoin community will grow by 2.5% based on an estimated number of adults in the country of around 4.5 million.


Assuming all 4.5m adults in El Salvador take up this offer, it’s roughly a 2.5% overnight boost to #bitcoin’s global user count. https://t.co/KwkYvb2fEE


- Willy Woo (@woonomic) June 25, 2021


Bukele also announced the Bitcoin law will take effect on September 7, making the king of the cryptocurrency the official currency of El Salvador.