El Salvador President Nayib Bukele doubled down on the country’s new law making bitcoin legal tender and offered $US30 ($40) worth of the cryptocurrency to any citizen who signs up for a digital wallet.
The government will create its own bitcoin wallet called Chivo, which is slang for “cool” in El Salvador, Bukele said during a national address on Thursday night. The funds will be deposited into the account of any citizen who downloads it and registers as a user with their phone number and ID number, he said.
