Changes

Finally, a trust will be created in the Development Bank of El Salvador (BANDESAL) to guarantee the automatic and instantaneous convertibility of Bitcoin to US dollars at market price.

Finally, a trust will be created in the Development Bank of El Salvador (BANDESAL) to guarantee the automatic and instantaneous convertibility of Bitcoin to US dollars at market price.

This option will allow Salvadorans to receive remittances from abroad in Bitcoin without paying fees, which in dollars until now could reach up to 30%. Almost 20% of El Salvador's GDP is explained by remittances, so releasing this market force will benefit practically the entire population of the Caribbean country.<ref>{{cite web|url=https://derechadiario.com.ar/latinoamerica/latinoamerica_el-salvador/la-asamblea-de-el-salvador-promulgo-la-ley-bitcoin-que-envio-nayib-bukele-para-hacer-de-curso-legal-a-la-criptomoneda|publisher=La Derecha Diario|date=June 9, 2021|title=EL SALVADORLa Asamblea de El Salvador promulgó la Ley Bitcoin que envió Nayib Bukele para hacer de curso legal a la criptomoneda|language=es}}</ref>

This option will allow Salvadorans to receive remittances from abroad in Bitcoin without paying fees, which in dollars until now could reach up to 30%. Almost 20% of El Salvador's GDP is explained by remittances, so releasing this market force will benefit practically the entire population of the Caribbean country.<ref>{{cite web|url=https://derechadiario.com.ar/latinoamerica/latinoamerica_el-salvador/la-asamblea-de-el-salvador-promulgo-la-ley-bitcoin-que-envio-nayib-bukele-para-hacer-de-curso-legal-a-la-criptomoneda|publisher=La Derecha Diario|date=June 9, 2021|title=La Asamblea de El Salvador promulgó la Ley Bitcoin que envió Nayib Bukele para hacer de curso legal a la criptomoneda|language=es}}</ref>

President Nayib Bukele, confirmed in October 1st, 2021, that El Salvador mined the first Bitcoin with volcanic energy. Through Twitter, the social network he uses so well, he shared an image of the mining in progress, which showed 0.00599179 Bitcoin, with a value of around 288 dollars at the exchange rate at the time.<ref>{{cite web|url=https://derechadiario.com.ar/latinoamerica/latinoamerica_el-salvador/el-salvador-mino-su-primer-bitcoin-utilizando-energia-volcanica-tuitea-el-presidente-nayib-bukele|title=El Salvador minó su primer Bitcoin utilizando energía volcánica, tuitea el presidente Nayib Bukele|date=October 5, 2021|language=es|publisher=La Derecha Diario}}</ref>

President Nayib Bukele, confirmed in October 1st, 2021, that El Salvador mined the first Bitcoin with volcanic energy. Through Twitter, the social network he uses so well, he shared an image of the mining in progress, which showed 0.00599179 Bitcoin, with a value of around 288 dollars at the exchange rate at the time.<ref>{{cite web|url=https://derechadiario.com.ar/latinoamerica/latinoamerica_el-salvador/el-salvador-mino-su-primer-bitcoin-utilizando-energia-volcanica-tuitea-el-presidente-nayib-bukele|title=El Salvador minó su primer Bitcoin utilizando energía volcánica, tuitea el presidente Nayib Bukele|date=October 5, 2021|language=es|publisher=La Derecha Diario}}</ref>