FREEBTCTAP - Free Bitcoin Knowledge Tap In!
  • Crypto Currency News
  • Home
    • Bitcoin 101 Books
    • Bitcoin Creator
  • Crypto Gold
  • Crypto Stories
  • Crypto Currency - Tips And News
  • FreeBtcTap - Nice Hash
  • FreeBTCTap - CryptoTab Real Free Bitcoin Miner
  • FreeBTCTap - What’s FreeBitCo.in
  • Contact
  • Privacy Policy
  • Terms And Conditions
  • About Us
  • Crypto Currency News
  • Home
    • Bitcoin 101 Books
    • Bitcoin Creator
  • Crypto Gold
  • Crypto Stories
  • Crypto Currency - Tips And News
  • FreeBtcTap - Nice Hash
  • FreeBTCTap - CryptoTab Real Free Bitcoin Miner
  • FreeBTCTap - What’s FreeBitCo.in
  • Contact
  • Privacy Policy
  • Terms And Conditions
  • About Us

“Tomorrow, for the first time in history, all the eyes of the world will be on El Salvador.” - Nayib Bukele

9/7/2021

0 Comments

 
​El Salvador has become the world's first country to make the cryptocurrency Bitcoin legal tender.

Proponents of digital currency, including the country's president, Nayib Bukele, say the policy, that further went into effect Tuesday morning, is historic.

However, the first few hours of Bitcoin's official status in El Salvador were tainted by technological glitches as the country launched its digital wallet app to residents and consumers for the first time.

Chivo App Little Problems

​El Salvador's innovative deployment of bitcoin as legal tender hit errors and bugs just hours just after the launch on Tuesday, when the government was forced to temporarily take its app for storing the precarious crypto currency offline, and the market price dropped considerably.

President Nayib Bukele announced on Twitter around dawn local time that the digital wallet app “Chivo” — Salvadoran slang for cool — would be inaccessible while server capacity was increased.

The app, which provides Salvadorans who install it $30 in free bitcoin at the start, resumed a few hours later, with Bukele emerging to personally oversee the testing process via Twitter.
Picture

McDonalds Going Viral Because Of Aaron Van Tweet!

"Just walked into a McDonald's in San Salvador to see if I could pay for my breakfast with bitcoin, tbh fully expecting to be told no. But low and behold, they printed a ticket with QR that took me to a webpage with Lightning invoice, and now I'm enjoying my desayuno traditional!"

@AaronvanW

Picture

Picture

Now Lets Look At The Downside About El Salvador New Innovation 

In general, the specific applicability is unclear, and it's unclear whether El Salvador will be able to do so technically. Bukele recently indicated that the use of bitcoin is not required.

​He stated, "No one will be forced to accept bitcoins if they do not want to." Ambrosius points out that many things are still unknown, and he is pessimistic about the future. "Legalizing bitcoin will have far-reaching implications and will forever alter the country.

​It's a fascinating experiment in which Salvadorans are the target respondents, and no one knows what the outcome will be."
0 Comments



Leave a Reply.

    RSS Feed


    NordVPN 2-years plan with 70% off for only $3.49/mo (30 days risk-free. Not satisfied? Get your money back, no questions asked.)

    Archives

    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    November 2021
    October 2021
    September 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020

    Categories

    All
    Altcoins
    Bakkt’s Exchange
    Bangladesh Crypto Currency News
    Bitcoin News
    Bitcoin Wallet
    Crypto Currencies And Rappers
    Crypto Currency Exchange
    Crypto Currency News
    Crypto Currency Politics
    Crypto Price Prediction
    Crypto Staking
    Crypto Taxes
    Elon Musk
    Ethereum
    Federal Reserve
    Ira Platform
    MeMe Crypto
    Metaverse
    Mining’s Rig
    NFT
    Nigeria Crypto Currency News
    PayPal
    Prophet Muhammad Crypto Currency
    Reddit News
    Robinhood
    Short Articles
    Stablecoin
    Staff Picks
    Vietnam Crypto Currency News

    RSS Feed