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    Home » Crypto News » El Salvador Largest Newspaper Adds Bitcoin Price to Homepage

    El Salvador Largest Newspaper Adds Bitcoin Price to Homepage

    Author: Andrew Throuvalas

    Last Updated Sep 7, 2021 @ 16:08

    With the legal tender law now in effect, the newspaper has begun tracking Bitcoin’s price to help citizens adapt to the switch.

    As of today, Bitcoin acceptance becomes a legal business requirement in El Salvador. In response, the country’s largest newspaper has included a Bitcoin price tracker on its homepage.

    The Price Tracker

    In full display on the newspaper’s homepage, a live Bitcoin price tracker is visible on the upper right-hand side of the screen. It measures Bitcoin’s worth in USDT (Tether), a stable coin pegged to the US dollar.

    This price tracker will be a convenient tool for citizens now mandated to accept Bitcoin payments as part of their business.

    Interestingly, that same newspaper’s front page is filled with articles claiming that citizens are unfavorable towards the new law.

    Headlines include “What people say is clear: they don’t want Bitcoin,” as well as “The Bitcoin Law starts amid doubts and citizen rejection.” This is in line with what CryptoPotato reported recently about anti-Bitcoin protesters marching the streets in recent weeks. The citizens’ major concerns appear to be the price volatility and alleged facilitation of criminal activity.

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    El Salvador Homepage, September 7th, 2021

    Nayib Bukele: Doubling Down and Stacking Sats

    President Nayib Bukele has paid no mind to the naysayers and gone through with implementing his Bitcoin law despite concerns surrounding article VII.

    He remains confident that the new mandate will bolster the long-term wealth of his country and has repeatedly dismissed negative media coverage of his administration’s decision. This includes yesterday when he preemptively rejected the incoming “media FUD,” which he correctly predicted.

    In the halls of power, support for the new Bitcoin law has been remarkably positive. After passing with a supermajority vote in June, the government has recently invested in 400 bitcoin, becoming the first nation in the world to purchase the asset.

    Furthermore, the government has promised that every citizen would receive a free $30 worth of Bitcoin after signing up with the Chivo digital wallet, which also seems to be facing some issues at the time of this writing. In solidarity with the country, many within the online Bitcoin community have pledged to buy $30 Bitcoin alongside them.

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    You Might Also Like:

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      Bitcoin Listed as El Salvador's Currency on Wikipedia
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      It's Official: Bitcoin a Legal Tender in El Salvador Following a Supermajority Decision
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      Paraguayan Official Confirms: In July We Legislate Bitcoin
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    About The Author

    Andrew Throuvalas
    More posts by this author

    Andrew is a content writer with a passion for Bitcoin. He became familiar with Bitcoin back in 2013, but began diligently studying the blockchain technology and its economic implications in 2017. Ever since, he’s believed in the network’s power to replace the current global monetary system, and provide financial freedom to billions worldwide.
    Contact: LinkedIn | Twitter

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