El Salvador to Airdrop $30 in Bitcoin to All Citizens
pOn June th El Salvador made international headlines passing a law to becoming the first sovereign country to accept Bitcoin as legal tender With Bitcoin as legal tender merchants in the country would have to accept Bitcoin for payments alongside the US dollar The bill was passed by a supermajority and is set to come into effect on September ppLast Thursday we got more details on the rollout plan from El Salvador President Nayib Bukele He highlighting an airdrop of in Bitcoin for all citizens of El Salvador The government will use thenbspa hrefhttpsfinanceyahoocomnewselsalvadorrevealsofficialbitcoinhtml targetblankChivo ewalleta preloaded with US of bitcoin for everyone who downloads it The in bitcoin will be sent to users wallets once they verify their identities via the apps face recognition software according to a video of Bukele presenting the feature on FridayppnbspppstrongBrut Force Mass AdoptionstrongppWhile many around the world have rejoiced El Salvadors decision to make Bitcoin legal tender the news regarding the airdrop has stirred up the opposition for privacy advocates By forcing citizens to verify identity via facial recognition this is seen by some as just another tool for mass government surveillance and some have even argued it violates El Salvadors constitutionppnbspppstrongTaking the Good With the BadstrongppAny effort to get Bitcoin in the hands of all a nations citizens is definitely a step in the right direction However as Bitcoin continues its ascent to global adoption it will not be able to maintain the anonymity and privacy that was envisioned by Satoshi KYC and AML laws have done a lot to ensure the safety of consumers and organizations but they do fly in the face of the initial ideals of Bitcoinp
Top News
2 days ago
10 days ago
11 days ago
19 days ago
More From The News
Press Releases
Payments
New Payment Limit For Crypto Wallets Scrapped
The recent Anti-Money Laundering re... Read more
Bitcoin
Bitcoin Undergoes Price Correction As International Economies
A significant portion of the crypto... Read more
Join Our Newsletter
Get the latest trends and updates on our crypto community.