El Salvador Plans To Install Atm System For Bitcoin Copper

At El Salvador since September 7, through ATM systems, Bitcoin-owned customers can convert into dollars in e-wallets or cash withdrawal. Illustration. (Source: Coindesk.com) On August 23, El Salvador President Nayib Bukele announced that the country will install a system of 200 automatic teller machines (ATM) for Bitcoin digital currencies to customers Can withdraw USD cash since September 7 until the law allows legal circulation of digital assets in effect. According to VNA reporter in Latin America, through ATM system, customer owns Bitcoin Can convert into dollars in e-wallets or cash withdrawals

. Besides, the Government also established 50 branches of withdrawal or deposit. Nayib Bukele president said Bitcoin "Chivo" ATM trees will be installed in every province and customers can withdraw cash 24/24 hours Without losing the transaction fee. The government of Nayib Bukele's government promotes the initiative to use digital money as a measure to eliminate the cost of transferring remittances to the country, estimated at 400 million USD / year
El Salvador has become the first country in the world to recognize Bitcoin as a legal monetary in trading, after the National Assembly approves Bitcoin's Law on June 9, this Law, Bitcoin is used Legal use, unlimited in any transaction and for any titles that state or private or private legal entities require the implementation. Besides, the Law stipulates the exchange between Bitcoin and The dollar will be "freely established market" and will not be subject to capital increase as other legal currencies ./. Viet Hung (VNA / Vietnam)

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