El Salvador President Announces Bitcoin Airdrop Program for Citizens

Published by
El Salvador President Announces Bitcoin Airdrop Program for Citizens

El Salvador the first country to make Bitcoin a legal tender on June 9 is all set to airdrop bitcoin for citizens to promote its use. President Nayib Bukele in a state address announced they would be airdropping $30 worth of Bitcoin for every registered user in association with a mobile wallet service provider Chivo.

The president in his address informed that the government is working with major cell phone operators to offer a national bitcoin wallet option.  The airdrop program is a central part of Salvador’s Bitcoin adoption scheme as more than 70% of the country’s population has no access to banking facilities. All the registered users would receive $30 worth of BTC which can be easily used via mobile phones without the need for a bank account.

Source: Twitter
Advertisement

Bitcoin Law Will Come Into Effect From September 7

Apart from the Bitcoin airdrop the President also revealed the new Bitcoin Law would come into effect from September 7. The announcement was made along with the state address where the president explained extensively how the new national wallet program would work.

Earlier Salvador has contacted World Bank to help it with the technical aspects of implementing Bitcoin as a legal tender but was denied any support. However, CABEI promised to assist the Central American nation with its new legal tender implementation.

Bukele has been at the forefront of Bitcoin adoption for the country and believes the decentralized asset could lift the country out of financial misery. Apart from the airdrop program and installation of new Bitcoin ATMs, the President is working towards making the small country a hub for clean Bitcoin mining. Salvador’s Bitcoin mining operations would be powered by volcanic geothermal energy with 0% emissions.

Advertisement

Share
Prashant Jha

An engineering graduate, Prashant focuses on UK and Indian markets. As a crypto-journalist, his interests lie in blockchain technology adoption across emerging economies.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

Breaking: Trump Pardons Binance’s Changpeng “CZ” Zhao, BNB Spikes

U.S. President Donald Trump has reportedly pardoned Binance founder Changpeng "CZ" Zhao for his conviction…

October 23, 2025
  • News

Peter Schiff Challenges Binance Founder CZ to Debate as Bitcoin Vs. Gold Rivalry Heats Up

Bitcoin critic and renowned economist Peter Schiff has challenged Binance co-founder Changpeng "CZ" Zhao to…

October 23, 2025
  • News

Robinhood Lists HYPE As Hyperliquid Flips CZ Backed Aster In Perp DEX Volume

Crypto exchange Robinhood has listed Hyperliquid's native token HYPE for its U.S. clients. This comes…

October 23, 2025
  • News

Expert Warns More Crypto Bloodbath Ahead of CPI Data Tomorrow

The U.S. Bureau of Labor Statistics (BLS) will release the Consumer Price Index (CPI) data…

October 23, 2025
  • Bitcoin News
  • News

US President Promises Deal With China on Everything As ‘Trump Insider’ Begins To Close Bitcoin Shorts- Is A BTC Recovery Ahead?

The “Trump insider whale” has begun closing its Bitcoin short positions just as the U.S.…

October 23, 2025
  • News

Just-In: Changpeng “CZ” Zhao Counters Peter Schiff, Says “Tokenizing Gold Is Not On-Chain Gold”

Binance founder Changpeng "CZ" Zhao debunked economist Peter Schiff's views on tokenizing gold. CZ claimed…

October 23, 2025