-El Salvador has just bought 200 new sets of bitcoins.
-Making it their official medium of financial exchange
- They now hold a total of 400 BTC.
- I wish other countries would adopt this method of transaction.
- They made sanctions on businesses that don't use chivo wallet and refuse to use BTC as a medium of financial transaction
El Salvador is the first nation accept Bitcoin legal tender. They are the first nation bought Bitcoin in a dip.
The bought Bitcoin will be used to airdrop to their citizens.
Globally nations are trying to create their CBDCs with blockchain technology. So the type of transaction will be used but on governmental centralized blockchains.
Chivo wallet is a custodial wallet and citizens have to register to receive airdrop. It is like KYC on exchange or in bounty to receive airdrop.