El Salvador will spend $ 30 BTC on every adult citizen of the country

El Salvador will airdrop any adult in the country who downloads a BTC wallet from the government and is eligible for the airdrop, as we can see more on our latest bitcoin news.

The President of El Salvador announced that the government would spend $ 30 worth of BTC to every adult citizen in the country, and the announcement was very much welcomed as influencers speculated that the government would have to buy the required amount of BTC in order more than $ 100 million to distribute. in the pressure to buy in the market. A quick Google estimate shows the adult population is changing as on-chain analyst Willy Woo tweeted that a $ 4.5 million increase in citizenship will boost the global user base by 2.5%.

6 million people were added to the crypto ecosystem at one time. ???? pic.twitter.com/DVoW6vLrAK

– CZ Binance (@cz_binance) June 25, 2021

Others estimated the adult population in Salvador at $ 6.5 million, with Yahoo Finance’s financial management firm Zack Guzman using the number in some calculations showing that BTC was worth $ 195 million and domestically is issued. Exact numbers are hard to come by, but a report from Statista shows that the population aged 15 and over hit $ 4.72 million in 2019. However, cryptocurrencies Twitter The euphoria may be premature as local publication Prensa Latina notes that citizens of the country will receive free BTC after downloading the government-created crypto wallet app.

The news was revealed during a press conference where President Bukele said the wallet app will work anywhere with a good mobile connection and you don’t need to have a mobile plan for the app. Bukele also stated that the country’s BTC law, which recognizes BTC as a legal currency nationwide, will go into effect on September 7th. El Salvador’s BTC law was passed two weeks ago and while most people praised it, the law met with opposition from minority groups. political party and the World Bank.

As recently reported, the President of El Salvador, Nayib Bukele, has just made Bitcoin legal tender in the country and announced that he has directed the state-owned electricity company LaGeo to build BTC mining facilities using cheap, 100% clean and 100% renewable energy from volcanoes to supply. El Salvador will mine BTC with the force of volcanoes is the new solution that Bukele proposed before the Legislative Council last week after the law was passed after the introduction.

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