Free Bitcoin: El Salvador offers $30 of Bitcoin to boost uptake

El Salvador’s president Nayib Bukele offered $30 worth of Bitcoin to any citizen who signs up for a digital wallet.

El Salvador President Nayib Bukele doubled down on the country’s new law making Bitcoin legal tender and offered $30 worth of the cryptocurrency to any citizen who signs up for a digital wallet. The government will create its own Bitcoin wallet called Chivo, which is slang for “cool” in El Salvador, Bukele said during a national address on Thursday night. The funds will be deposited into the account of any citizen who downloads it and registers as a user with their phone number and ID number, he said. The law making Bitcoin legal tender will enter into force on Sept. 7, he said.