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Thursday, March 28, 2024

Mix of curiosity, concern, as El Salvador adopts bitcoin currency

El Salvador is the first country to adopt a cyber currency as legal tender, along with the US dollar which has been the official currency for two decades.

SAN SALVADOR: Salvadorans queued Wednesday at some of the dozens of bitcoin teller machines erected around the country that has made history by adopting a cryptocurrency as legal tender.

Some were driven by curiosity, others were hopeful the new “Chivo” digital wallet will make it easier — and cheaper — to receive remittances from abroad.

Some were drawn by the $30 sign-up bonus. Many did not know what a cyber currency even is.

“I wanted to see how it is, what it is… They said there will be an account, a wallet,” said Alvaro Garcia, 47, who works as a goods loader at a market.

“Thank God they are giving us these $30… I hope this will be a good…

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