The authorities of the Central American country of El Salvador, which recently passed a law granting Bitcoin the status of legal tender, have just announced a new measure aimed at encouraging the adoption of the cryptocurrency.
As announced by the country's authorities, adult users who download "Chivo," the official wallet developed by the government to transact with Bitcoin, will receive a $30 airdrop in the cryptocurrency.
Notably, cryptocurrency enthusiasts have received the announcement made by the country's president with enthusiasm, as this will result in El Salvador having to purchase more than $100 million in BTC, which could boost the price of the crypto due to the magnitude of the transaction.
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The adoption of Bitcoin as legal tender in the country will result in the total number of users of the cryptocurrency globally increasing by 2.5%, according to cryptocurrency analyst Willy Woo.
The president of El Salvador has also announced the law recognizing Bitcoin as legal tender will come into force on September 7.