El Salvador introduces fuel subsidy of $0.20 per gallon to locals who pay in BTC
El Salvador is looking to bolster adoption of its government-issued Chivo Bitcoin wallet by offering discounts on petrol purchases of $0.20 per gallon to consumers who pay using BTC. Salvadoran president Nayib Bukele has announced that local consumers can enjoy a $0.20 per gallon 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....
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President Bukele revealed gas stations in El Salvador will begin selling each gallon of fuel at a $0.20 discount for those who pay using the Bitcoin Chivo wallet.
The Halvening (sometimes referred to as “the halving”) is the moment when Bitcoin’s block subsidy gets cut in half. The halving of Bitcoin’s block subsidy occurs every 210,000 blocks (roughly every 4 years) and is a key feature of Bitcoin. It is because of the halving of the block subsidy that ...
The bitcoin price plunged $10,000 from recent highs as El Salvador officially adopted BTC as legal tender.
The Salvadoran president, Nayib Bukele revealed on Friday that Chivo wallet users will be able to get a discount on petroleum fill-ups at the largest gas stations in the country. Chivo wallet users paying for fuel will save $0.20 per gallon using the government’s crypto wallet.
Salvadoran President Nayib Bukele’s Government Subisidizes Country’s Gasoline Market
Following the Salvadoran president, Nayib Bukele revealing the volcano-powered bitcoin mining facility last week, this Friday, Bukele told his Twitter followers about two positive implementations the....
The Bitcoin block rewards are becoming lesser and lesser with each halving. Will transaction fees eventually be able to fill up this void? Bitcoin Transaction Fees Has Been Trending Up With Each Cycle One of the most innovative features of the Bitcoin blockchain is that approximately every four years, the block subsidy (that miners receive […]