News From El Salvador, Early September: TV Spot, Chivo Leaks, And BTC Smiles

El Salvador, Bitcoin Smiles illustration

El Salvador ’s Bitcoin Law goes into effect on September 7th. Legal tender day is just around the corner, and you know what that means. It’s time for another news roundup! How’s the growing excitement treating El Salvador? Is there any pull-back from the general public? Does El Salvador ‘s first Bitcoin tv spot explain the technology clearly? Does the image below show the Chivo Wallet’s architecture? How do Bitcoin Beach’s lifeguards train? Plus, what’s this Bitcoin Smiles campaign about and what does it have to do with El Zonte?

Related Reading | President Bukele Guarantees Zero Commissions, Shows Confidence In Bitcoin Law

All that and more, in the last news roundup before the storm.

El Salvador Presents: First State-Sponsored Bitcoin Commercial

Bitcoinist Translation:

“From September on, Bitcoin will be legal tender in our country, alongside the USD. Using bitcoin will not be mandatory. You will have the option to pay and charge with bitcoin or with USD. All transactions in cash, the prices, the wages, and the pensions will still be denominated in USD. You will have the option to use the free government app for making transactions in both bitcoin or USD, at any time and without any fees.

Also, you are free to use any other wallet for your transactions. With our wallet, you will receive Bitcoin bonus worth $30 for your consumption. You’ll have the option to pay, in USD or Bitcoin, using your phone for transactions without handling money and signing vouchers 

The same goes for the seller, he won’t have to handle money or cards, nor pay fees for the transactions. You will also be able to send and receive remittances, at any time, without fees. Using Bitcoin is easy, and it’s voluntary. The Government of El Salvador.”

Leaked Chivo Wallet Architecture? Plus, Finished Chivo Cashpoints?

As a side note, in both tweets, in recent tweets, the negative comments are outweighing the positive ones. The Salvadorans are nervous, and there’s a good reason for that. They’re the first nation on Earth to accept the Bitcoin Standard. This great step for mankind is no joke. Everyone understands how important it is. The fear of the unknown is a real thing.

Nevertheless, the fact remains. From September 7th on, El Salvador will have access to the hardest money ever created.

BTC price chart for 09/02/2021 on Bitstamp | Source: BTC/USD on TradingView.com

El Salvador Presents: Bitcoin Smiles And Bitcoin Beach

And that’s it for this news roundup. The last one before El Salvador ‘s Bitcoin Law goes into effect. 

Let’s get ready to rumble!

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Featured Image: Bitcoin Smiles | Charts by TradingView
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