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• The El Salvador government launches the BTC purchase project on September 7th.
Nayib Bukele creates a BTC wallet that gives each registrant $ 30 in bitcoins.
El Salvador seems to be at the center of the latest upward movement that has shaken the cryptocurrency market. This A Central American country, led by Vice Buckle, has been encouraged to activate the BTC Admission Program to legalize its term.to the
This large-scale acceptance project is scheduled for Tuesday, September 7th. Many crypto fans and enthusiasts have promised to buy $ 30 BTC on this day to show support and solidarity with the people of El Salvador.
El Salvador attracts new Latin American investors
The government of El Salvador has long talked about cryptography and the importance of using it. Many people and neighboring countries were skeptical of Vice Buckel’s acceptance of cryptocurrencies. But with the latest remarks, the cryptographic program for the Salvadoran becomes a reality.
Bitcoin belongs to decentralized currencies that are not dependent on the government, let alone any central bank. These bitcoin networks allow users to send and receive national or international currency without using an entity or organization as an intermediary. Bitcoin is the main cryptocurrency in the virtual market, launched in 2008 and has been an important part of the financial market ever since.
According to businessman Alex Gladstein, all indications are that other Spanish-speaking countries have been using cryptocurrencies since the announcement of El Salvador.
Gladstein also states that the government intends to pay $ 30 in bitcoin separately on September 7. In this way, the government demonstrates its commitment to the virtual market and, therefore, the acceptance of cryptography increases.
El Salvador is one of the most populous countries in the Central American region and is developing more financially. By order of the President of El Salvador, several Bitcoin ATMs have been installed to convert US dollars into cryptocurrencies.
Bitcoin support is growing in Central America
In August, Finance Minister Alejandro Zelaya said the country was promoting several cryptocurrencies for citizens to use. Zelaya stated that interested users can download the wallet and receive $ 30 of bitcoin by entering their ID.
Vijay Ayyar, president of VP Asia Pacific & Global Expansion, thinks El Salvador’s cryptographic programs are challenging, but they are not impossible to achieve.
Although less than 24 hours remain until the official start of the adoption of cryptography in the country, this has not prevented the price of bitcoin from rising. Leading digital currency trades at $ 51,545, up 2.23 percent in 24 hours, according to CoinMarketCap. The value of bitcoin increased by 7.08% in seven days and reached the highest level recorded in May.