Twitter celebrates #bitcoinday as El Salvador imply bitcoin legal tender. Hashtag “Bitcoinday” was trending on twitter amid El Salvador’s bitcoin acceptance.
As the government rolls out bitcoin ATMs, an e-wallet, and trendy kiosks, crypto enthusiasts gear up for ‘B-Day.’
El Salvador celebrates B-day, or Bitcoin-day, on Tuesday. On Tuesday, the tiny and impoverished Central American nation became the first in the world to recognise bitcoin as legal tender, letting Salvadorans to use the cryptocurrency to pay for coffee, haircuts, and even taxes and home loans.
El Salvador will become the first country in the world to adopt Bitcoin legal cash on the occasion, dubbed “Bitcoin Day.”
El Salvador’s president, Nayib Bukele, made the original decision in June when he announced plans to make Bitcoin legal tender. A bill was created and delivered to Congress after the announcement at the Miami Bitcoin Conference, and it was later approved.
Many celebrities and big personalities tweeted on “BitcoinDay” and congratulates El Salvador and President Nayib Bukele.
Michael Saylor wrote “”A journey of a thousand miles begins with one step.”
And many other users happily celebrated “The Bitcoin Day” by buying $30 bitcoin.
El SALVADOR’S BITCOIN FUTURE
The adoption of Bitcoin as legal cash has elicited varied reactions, with some El Salvadorians still suspicious of the software and the currency’s value in the local economy.
Concerns have been raised concerning the use of Bitcoin as a payment mechanism, leading to some individuals being unsure about taking Bitcoin and how it would influence the local currency, the colón.
Volcanic geothermal energy is also being used to power Bitcoin mining operations in El Salvador.
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