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El Salvador’s Bitcoin As Legal Tender Plan Starts Now

Published 09/07/2021, 03:10 AM
Updated 09/07/2021, 03:30 AM
© Reuters.  El Salvador’s Bitcoin As Legal Tender Plan Starts Now
BTC/USD
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  • El Salvador’s Bitcoin legalization plan will go live soon.
  • In honor of this, the country just bought its first 200 BTC.
  • The nation’s President says their brokers will buy more.

As established before, El Salvador is making Bitcoin (BTC) a legal tender in its nation. This will be set in motion from September 7, 2021, onwards. The time has come and El Salvador’s preparations for the special day are almost at its ready-set mark.

The nation’s President — Nayib Bukele, talks about the latest development before the launch day. In detail, he says that El Salvador has just bought its first 200 Bitcoin. This purchase came right on time as the nation approaches the formalization date to legalize Bitcoin as a tender.

Adding on to this news, Bukele says in a tweet, that their brokers will be buying a lot more Bitcoin (BTC) as the deadline approaches.

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