El Salvador introduces fuel subsidy of $0.20 per liter to locals who pay in BTC

[ad_1] Salvadoran president Nayib Bukele has announced that local consumers can enjoy a $0.20 per liter reduction in petrol prices when paying using the government-backed Bitcoin wallet, Chivo. Describing the news as “positive news for the pockets of Salvadorans,” the president announced the subsidy via Twitter on Sept. 30. According to a rough translation, Bukele stated: “The state company Chivo negotiated with the largest gas station companies in our country, so that starting tomorrow, their stations will sell each gallon of fuel $ 0.20 cheaper, with Chivo wallet.” Bukele emphasized…

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