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       #Post#: 25--------------------------------------------------
       El SALVADOR giving 30$ btc to anyone using govt wallet
   DIR By: guest3
       Date: June 25, 2021, 9:29 am
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       The president of El Salvador, Nayib Bukele, addressed many
       topics regarding his country’s new bitcoin law Thursday night.
       During his speech, he unveiled the Salvadoran government’s
       wallet app and a signup bonus of $30 in bitcoin.
       “The wallet of the government of El Salvador is called Chivo,”
       Bukele explained, adding that users must register with their
       phone number and national ID known as the DUI.
       Accounts are then verified by either facial recognition or
       through the call center. “Facial recognition or verification by
       call center will only be done when creating the account. We do
       it this way to give security to the population,” the president
       explained.
       Bukele further revealed:
       It will be within the Chivo app where we will deposit the
       equivalent $30 in bitcoin to promote its use in the economy and
       to give people an incentive to use the application.
       With the $30 incentive in bitcoin, he said, “We want the
       population to make use of this system and bitcoin as legal
       tender” to boost the economy and “help the economic growth of
       the country.”
       To obtain a DUI (Documento Único de Identidad), which is needed
       for account verification, one must be at least 18 years old.
       This means out of El Salvador’s total population of 6.5 million
       based on Woldometer’s data, only adults ages 18 and older
       qualify to receive the $30 BTC freebie.
       The Salvadoran president further detailed that the Chivo app
       will allow users to convert funds between dollars to bitcoin,
       make payments, and send money using a QR code. In addition, he
       said app users can buy BTC “securely, instantly and without
       charging fees.”
       He emphasized that using, receiving, and investing in bitcoin in
       El Salvador is optional, noting that the $30 BTC bonus will be
       the only time recipients must accept the cryptocurrency. For
       spending, users can choose to use either bitcoin or dollars if
       they have both currencies in their wallets.
       El Salvador’s bitcoin law will enter into force on Sept. 7,
       Bukele noted. “We will guarantee that all cash transactions will
       remain in dollars,” he clarified.
       Thank you so much for reading this
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