Salvador, who became the first country in the world, recognizing Bitcoin as a legitimate payment, began to buy cryptocurrency. On the first transaction on the eve of the entry into force of the relevant law, the President of the country NIIB BUKEK in its Twitter.
“Salvador just bought his first 200 bitcoins. By extreme deadlines, our brokers buy even more,” he said.
In Salvador’s support sign, Twitter and Reddit users began to buy bitcoins. They staged an action, within which it is proposed to spend $ 30 to buy a small share of Bitcoin. As a result, the price of the most popular cryptocurrency has grown. According to Coinmarketcap, by the morning of Tuesday, September 7, the cost of Bitcoin exceeded 52 thousand dollars for the coin.
Salvador first in the world recognized Bitcoin by the official payment facility. The government of the country has created a fund for 150 million dollars – Salvadorers can get on their electronic wallet 30 dollars in Bitcoins.
The problem for the republic was the position of the World Bank, which refused to promote the spread of Bitcoin. The International Monetary Fund (IMF) noted that it was faced with “macroeconomic, financial and legal issues” in connection with the transition of El Salvador to Bitcoin.