Bitcoin ATMs Are Ready For Use in El Salvador

Bitcoin ATMs are ready for use in El Salvador. Weeks before Bitcoin becomes the official currency in El Salvador Bitcoin ATMs are ready. In El Salvador, which is expected to accept Bitcoin as legal money as of September 7, Bitcoin ATMs are in place.

200 ATMs Will be Available in the First Stage

Bukele, President of El Salvador, said "The annual amount of $400 million will remain in the pockets of the citizens of El Salvador." With this movei it will be possible to load Bitcoin to ATMs and withdraw US dollars. Bukele, in his statement on Twitter, stated that 200 ATMs will be available in the first stage and Bitcoin can be transferred from there to the Chivo wallet. There will be no commission on transactions. In addition, necessary transactions can be made at 50 financial points other than ATMs. While withdrawals can be made from these points, money can also be deposited to buy Bitcoin. El Salvadorans will also be able to receive their $30 Bitcoins after downloading the country's official wallet, Chivo, to their smartphones as of September 7 and entering their own ID number. The country's finance minister, Alejandro Zelaya, also said in a statement yesterday that the state had allocated $150 million in funds for this issue so that there would be no problem in converting Bitcoin to US dollar. In his previous statement, Bukele stated that the $30 worth of Bitcoins that will be distributed in the first place cannot be converted into US dollars, because they want Bitcoins to be used in shopping or service payments.