Nayib Bukele

The President of El Salvador, Nayib Bukele, announced that 200 ATMs and 50 in-person kiosks are being built to launch on September 7. President Bukele also noted that the government will facilitate the buying and selling of Bitcoin without collecting any commission.

BofA sees four upsides to Bitcoin adoption in El Salvador, including remittances, financial digitalization, and foreign investments.

El Salvador’s president announced the country’s official bitcoin wallet, Chivo, to be launched in September and give $30 in BTC to users.