El Salvador has been using Bitcoin as fiat currency for four years and currently holds 6,291.18 BTC
Source: ChainCatcher
Time: 2025-09-07 13:55:38
According to ChainCatcher, El Salvador officially became the first country in the world to use Bitcoin as a legal currency. President Nayib Bukele promoted the passage of the Bitcoin Act in June 2021. The bill stipulates that Bitcoin can be used to pay goods, services, taxes, etc., and is ranked as legal tender with the US dollar. The El Salvador government has since launched a digital wallet “Chivo” that allows citizens to store and use Bitcoin, and provides registered users with a $30 Bitcoin reward, as well as deploying Bitcoin ATMs nationwide for easy transactions. According to data from the website of the El Salvador Ministry of Finance, El Salvador has increased its holdings of 8 bitcoins in the past 7 days, and its current Bitcoin holdings reach 6291.18 pieces, worth more than US$690 million. .