Market

Angry Bukele Says No Salary or Pension Is Paid in BTC

Nayib Bukele, President of El Salvador, has stated that companies are free to “offer any service with Bitcoin (BTC),” but again rejected the idea that the state would try to pay wages to retire or allow companies to pay anything other than fiat USD.

According to Bukele, neither salary nor pension is paid in BTC.

Angry Bukele says no salary or pension is paid in BTC

Angry Bukele says no salary or pension is paid in BTC

He took to Twitter to criticize critics who he claimed had “restarted” with reports claiming that “wages are paid in bitcoin.” But he added:

“A private company can provide the services you want. This is a free country. But according to the law, wages and pensions must be paid in dollars. “

He claims his critics do not have a “stick to hit him,” “so they have to invent new thugs to continue to mislead those who still believe what they say.”

“Critics say we will withdraw the dollar and pay our employees in Bitcoin. They say we will pay the pensions in Bitcoin, that street restaurateurs will be forced to accept Bitcoin, and that the elders will run out of money because they cannot use smartphones. What happened to all of this? Are not!” to Bukele.

He concluded by saying that all of his critics “do” is “lie” like “they always have”.

Does a third of the population use the chivo app as claimed?

Bukele had previously made a happier note, claiming that a third of the population of El Salvador are now using the government-issued bitcoin wallet Chivo.

The president posted a screenshot of the Chivo wallet interface showing that the app has over 2.25 million users.

Bukele previously warned his followers at home – and members of the international crypto community who accepted his plan to introduce BTC – that “tons of FUD” are “coming” due to the BTC law enacted earlier this month that makes it legal To place bids for the token to an even greater or lesser extent than with Fiat USD.

Meanwhile, journalists wrote on the pages of El Diario de Hoy, one of Bukele’s most prominent media critics, how the government had spent $ 63 million in public funds through the Chivo app.

As previously reported, the government has created an incentive to download the Chivo app by offering citizens a $ 30 BTC gold salute when they register on the platform.

Important NOTE: All content on the website is for informational purposes only and does not constitute investment advice. Your money, the choice is yours.

The media company noted that this number is independent of the roughly $ 5 million that was dropped on Jan.

It added that a large number of citizens downloaded the app “for the purpose of withdrawing USD 30 only”, with “some of them claiming that after the withdrawal they will uninstall the app from their cellphones”.

Regarding BTC purchases, the media company accused the government of obscuring or hiding the data, stating that “there is no information about the intermediaries” used to purchase BTC or “about the payment of BTC “. three cases.

El Diario de Hoy also posted photos of the long lines in front of the Chivo ATMs in the capital San Salvador last weekend, where BTC owners waited “hours” to exchange their BTC for USD.

The newspaper also questioned Bukele’s claims about the Chivo app, saying the download numbers “could not be closely verified”.

Join our Facebook group and Telegram group Coincu News to chat with more than 10,000 other people and exchange information about the crypto currency market.

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Recent Posts

Robinhood Exec Dan Gallagher Declines SEC Leadership Role

Robinhood Exec Dan Gallagher declined consideration to lead the SEC, affirming his commitment to Robinhood…

21 minutes ago

Best Cryptos to Buy in November 2024: What Sets Qubetics Apart from Fantom and Immutable X?

Discover why Qubetics, Fantom, and Immutable X are the best cryptos to buy in November…

1 hour ago

Franklin Templeton Digital Assets and Sui Now Join Hands to Strengthen DeFi Strategy

Sui Foundation partners with Franklin Templeton Digital Assets to enhance DeFi solutions on the blockchain.

1 hour ago

Get Insights on BlockDAG’s $136M Presale Success Revealed in Recent AMA—BTC Soars to $99K, Avalanche Trading Volume Surges

See how Bitcoin confronts $99K resistance, Avalanche enjoys a 23% rise, & BDAG achieves a…

1 hour ago

Gate.io Launches USDE Financial Products with Annualized Returns of Up to 54%, Ushering in a High-Return Era for Stablecoin Investments

Nov 18th, Panama - Gate.io, a global leader in digital asset trading, has officially unveiled…

3 hours ago

This website uses cookies.