The President in his tweet noted the importance of remittance for Salvadorans as he stated,<\/p>\n
“2. Today, we received 24,076 remittances, adding up to $3,069,761.05 (in one day).”<\/p><\/blockquote>\n
The role crypto plays in solving payment-related issues has been one of the crucial factors in its adoption. Nearly 6 million people [half the country] now had a digital wallet and as many as 2.1 million active users.<\/p>\n
As the citizens embrace this new form of currency, El Salvador was now looking to power bitcoin with new streams of renewable energy. Mining Bitcoin has been an energy-intensive activity across the world but El Salvador is going to use hydroelectric, solar, wind, and tidal power projects to power the mining process.<\/p>\n
El Salvador is paving its own new way to integrate Bitcoin into its society and economy. Making mining environmentally friendly will be a step in the right direction for the country.<\/p>\n","protected":false},"excerpt":{"rendered":"
El Salvador is on a mission to popularize the use of Bitcoin within the country’s borders and it may be reaching its goal, one citizen, at a time. According to President Nayib Bukele, the adoption of Bitcoin was gaining momentum as the citizens were increasingly exchanging their U.S. dollars for Bitcoin. The President provided dataContinue reading “El Salvador prefers Bitcoin over the US dollar”<\/span><\/a><\/p>\n","protected":false},"author":22,"featured_media":192542,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[35,360,66,3,4,20],"tags":[],"class_list":["post-192513","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin-news","category-btc-trading-view","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"\nEl Salvador prefers Bitcoin over the US dollar - AMBCrypto<\/title>\n<meta name=\"description\" content=\"El Salvador's on a mission to popularize the use of Bitcoin within the country's borders and it may be reaching its goal, one citizen...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/el-salvadorians-now-embracing-bitcoin-over-the-us-dollar\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"El Salvador prefers Bitcoin over the US dollar - 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