Cryptocurrency News

El Salvador Government Discussing to Pay Salaries in Bitcoin

According to the source, El Salvador’s Minister of Labor and Social Welfare Rolando Castro says that the government is in discussion with the companies regarding the payment of their salaries in Bitcoin.

Three El Salvadorian government ministries are in the discussion of whether the companies should pay the salaries of their employees in Bitcoin.

Last week Bitcoin bill by President Nayib Bukele was passed by congress with a majority vote. With this bill, El Salvador becomes the first country to make Bitcoin a legal tender.

Recently, President Nayib Bukele is working to utilize volcanoes for the green mining of cryptocurrencies.

Today Peter McCormack also meet with President Nayib Bukele to discuss volcano mining.

The tweet by Peter McCormack reads, “I was honoured to be invited to the El Salvadorian Presidential Palace to meet with President Nayib Bukele. We discussed #bitcoin, volcano mining and the opportunity for the people of this great country. This project is the real deal.”

Share
Published by

Recent Posts

Tomarket App – A Guide to $TOMATO Airdrop, Farming and Web 3.0 Drop Event

Tomarket, Telegram's mini-app hits 20+ million all-time users and 8.8+ million daily active users. Tomarket…

2 months ago

Binance Lists Decentralized and Open L1 Blockchain Toncoin (TON) on its Platform

Cryptocurrency exchange Binance, today announces the listing of Toncoin on its platform. Toncoin is a…

4 months ago

iGaming Platform BC.GAME Signs $40 Million Deal to Become Principal Partner of Leicester City

The iGaming platform BC.GAME has signed a landmark $40 million deal to become the "Official…

5 months ago

Coinbase faces new lawsuit that claims SOL, MATIC, NEAR, MANA, ALGO, UNI, XTZ and XLM are securities

Coinbase crypto exchange and its CEO, Brian Armstrong, faces a new lawsuit that claims Solana,…

7 months ago

Service Beyond Gaming: The Support Experience at HugeWin

In the world of online gambling, the quality of customer service can make or break…

7 months ago

Bitcoin (BTC) Cycle: Aiming for $155,000 Peak by August 2025

Since its launch in 2009 Bitcoin has experienced several cycles characterized by bull and bear…

8 months ago

This website uses cookies.