{"headers":{"Content-Type":"application\/x-www-form-urlencoded"},"body":"source_lang=&target_lang=PT-PT&tag_handling=xml&split_sentences=1&preserve_formatting=1&text=46%25+of+Salvadorans+now+%22banked%22+because+of+Bitcoin&text=El+Salvador+is+leading+the+charge+to+bank+the+unbanked+with+Bitcoin+adoption+increasing+consistently+across+the+country.&text=El+Salvador%2C+the+nation+that+has+led+the+charge+of+Bitcoin+adoption+as+legal+tender%2C+is+seeing+more+citizens+turn+to+the+cryptocurrency+as+trade+volume+increases.+Adoption+in+the+Central+American+country+is+gaining+as+Salvadorans+are+continuing+to+exchange+their+US+dollar+fiat+savings+to+buy+Bitcoin+instead.+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%0AAccording+to+President+Nayib+Bukele%2C+who+instated+Bitcoin+as+legal+tender+earlier+this+year%2C+tweeted+that+citizens+are+making+use+of+the+country%27s+in-house+wallet+service%2C+saying%3A%0A%3Cblockquote+class%3D%22twitter-tweet%22%3E%0A%3Cp+dir%3D%22ltr%22+lang%3D%22en%22%3E2+new+Chivo+Facts%3A%3C%2Fp%3E%0A1.+People+are+inserting+way+more+USD+%28to+buy+%3Ca+href%3D%22https%3A%2F%2Ftwitter.com%2Fhashtag%2FBTC%3Fsrc%3Dhash%26amp%3Bref_src%3Dtwsrc%255Etfw%22%3E%23BTC%3C%2Fa%3E%29+than+what+they+are+withdrawing+from+the+Chivo+ATMs+%28any+media+outlet+can+independently+confirm+this+by+visiting+the+ATMs%29.%0A%0A2.+Today%2C+we+received+24%2C076+remittances%2C+adding+up+to+%243%2C069%2C761.05+%28in+one+day%29.%0A%0A%E2%80%94+Nayib+Bukele+%F0%9F%87%B8%F0%9F%87%BB+%28%40nayibbukele%29+%3Ca+href%3D%22https%3A%2F%2Ftwitter.com%2Fnayibbukele%2Fstatus%2F1449226485609504768%3Fref_src%3Dtwsrc%255Etfw%22%3EOctober+16%2C+2021%3C%2Fa%3E%3C%2Fblockquote%3E%0A%3Cscript+async%3D%22%22+src%3D%22https%3A%2F%2Fplatform.twitter.com%2Fwidgets.js%22+charset%3D%22utf-8%22%3E%3C%2Fscript%3E%0A%0AAs+more+dollar-to-Bitcoin+conversions+take+place+in+the+region%2C+there+is+a+shift+towards+the+sentiment+of+Bitcoin+from+those+in+the+country.+Initially%2C+many+citizens+in+El+Salvador+were+in+opposition+to+the+government+passing+the+Bitcoin+Law+out+of+concerns+of+the+country%27s+fiat+strength+and+national+economy%2C+However%2C+with+encouragement+from+the+government+with+subsidies+for+using+Bitcoin%2C+there+has+been+a+greater+positive+stance+on+using+the+token.+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%0AAccording+to+Bukele%2C+Salvadorans+who+use+Bitcoin+%3Ca+href%3D%22https%3A%2F%2Ftwitter.com%2Fnayibbukele%2Fstatus%2F1443410462129983490%22%3Eget+an+exemption+on+fuel%3C%2Fa%3E%3A%0A%3Cblockquote%3E%3Cem%3E%E2%80%9CThe+state+company+Chivo+negotiated+with+the+largest+gas+station+companies+in+our+country%2C+so+that+starting+tomorrow%2C+their+stations+will+sell+each+gallon+of+fuel+%24+0.20+cheaper%2C+with+Chivo+wallet.%E2%80%9D%3C%2Fem%3E%3C%2Fblockquote%3E%0AIn+addition+to+fuel+subsidies%2C+Salvadorans+making+a+profit+on+Bitcoin+trading+with+not+be+taxed+on+the+income.+Javier+Argueta%2C+the+Bukele%27s+legal+advisor+stated%3A+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%0A%3Cem%3E%E2%80%9CIf+a+person+has+assets+in+Bitcoin+and+makes+high+profits%2C+there+will+be+no+tax.+This+is+done+obviously+to+encourage+foreign+investment.%22%3C%2Fem%3E+Argueta+also+added+that+the+county+will+not+impose+taxes+on+%3Cem%3E%E2%80%9Ceither+the+capital+increase+or+the+income.%E2%80%9D+%3Cstrong%3EBold%3C%2Fstrong%3E%3C%2Fem%3E%0A%3Cp+class%3D%22Text__text___3eVx1j+Text__dark-grey___AS2I_p+Text__regular___Bh17t-+Text__large___1i0u1F+Body__base___25kqPt+Body__large_body___3g04wK+ArticleBody__element___3UrnEs%22+data-testid%3D%22paragraph-10%22%3EAccording+to+the+Salvadoran+Foundation+for+Economic+and+Social+Development%2C+within+one+month+of+the+launch%2C+12%25+of+consumers+have+used+Bitcoin+in+the+country.+%3Cstrong%3EBold%3C%2Fstrong%3E%3C%2Fp%3E%0AHowever%2C+despite+the+encouragement+towards+Bitcoin+adoption%2C+merchant+adoption+in+the+country+is+still+slow.+According+to+a+survey+by+the+Salvadoran+Foundation+for+Economic+and+Social+Development%2C+a+massive+93%25+of+Salvadoran+businesses+reported+receiving+no+payments+in+Bitcoin.+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%0AAccording+to+local+business+owner+Alexander+Diaz%2C+many+people+wanted+to+test+out+Bitcoin+payments+and+make+use+of+a+launch+bonus+that+was+offered+by+the+government+for+downloading+the+Chivo+wallet.+According+to+Diaz%2C+20%25+of+customers+now+use+Bitcoin+to+make+payments.+He+stated%3A+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%3Cp+class%3D%22Text__text___3eVx1j+Text__dark-grey___AS2I_p+Text__regular___Bh17t-+Text__large___1i0u1F+Body__base___25kqPt+Body__large_body___3g04wK+ArticleBody__element___3UrnEs%22+data-testid%3D%22paragraph-23%22%3E%3Cem%3E%22Most+of+the+people+who+had+a+bonus+wanted+to+test+how+it+could+be+spent%2C+so+several+clients+made+payments+to+us+with+bitcoin.+Chivo+has+benefited+small+entrepreneurs+because+it+makes+the+payment+method+easier+for+customers%3C%2Fem%3E.%22%3C%2Fp%3E%0A%0A%3Ch2%3EHow+can+Salvadorans+access+Bitcoin%3F%3C%2Fh2%3E%0AThe+nation-issued+Chivo+Bitcoin+wallet+is+popular+among+Salvadorans.+Since+the+launch+of+the+wallet%2C+three+million+people+have+downloaded+the+Chivo+wallet+-+making+up+a+whopping+46%25+of+the+population.+To+put+the+economic+significance+into+perspective%2C+only+29%25+of+Salvadorans+had+traditional+bank+accounts+in+2017.+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%0AThe+Chivo+wallet+isn%27t+the+only+way+for+citizens+to+buy+Bitcoin%2C+however.+Any+wallet+that+functions+using+the+Lightning+Network+can+be+used+to+transact+or+make+payments+with+merchants+in+the+country+too.+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%0AMoreover%2C+there+has+been+a+massive+uptake+of+Bitcoin+ATMs+in+El+Salvador.+Since+the+Bitcoin+Law+was+passed%2C+El+Salvador+has+rolled+out+more+than+200+ATMs+across+the+country%2C+overtaking+Spain+and+Austria+in+Bitcoin+ATM-count.+Now%2C+El+Salvador+boasts+the+third-largest+network+of+%3Ca+href%3D%22https%3A%2F%2Fcoinatmradar.com%2Fcountries%2F%22%3Ecryptocurrency+ATMs%3C%2Fa%3E%3B+only+after+the+United+States+and+Canada.","timeout":15}