President Bukele lowers gas price for CHIVO BITCOIN wallet users in El Salvador

Chief revealed Bukili Watch About that gas stations in El Salvador will start selling every gallon of fuel at a discount 0.20 dollars for those who pay with a wallet Bitcoin Goat.

Attention President Najib Bukele took to Twitter late Wednesday night to reveal that gas stations in El Salvador will begin selling every gallon of fuel at a discount. 0.20 dollars for those who pay with a wallet Bitcoin Goat.

As of Thursday 30 September, Salvadorans, public transport and any local company can use Billy Goat For gas advantage.

According to the advertisement posters, the advantages of gas are valid until 14 October at least.

Also Read: El Salvador President: No Taxes on Bitcoin Capital

Reasons for President Bukele's Reducing the Price of Gas in El Salvador

There are three main reasons for this reduction, one of which is to combat international increases in fuel prices.

Another reason is to reduce the cost of supply chains for individuals and companies in El Salvador.

The third reason is to promote the use of Bitcoin And continuing education for him through the application Chivo wallet which is sponsored by the state.

Needless to say, the chief's hopes were met Bukili in a Bitcoin to the country in opposition, as the price of Bitcoin about 10 Thousands at the time of writing, since El Salvador submitted a legal tender.

In fact, it will be interesting to see if the opposition is loud and sometimes violent for bitcoin In El Salvador it will change to what extent when the price starts to rise on longer time scales.

as announced Najib Boukeli On a site decree to reduce the price of gas per 25 pounds of gas across the country, to combat the programmed increase in the international market of 1.17 dollar.

President's statement Bukili On Twitter:

“The government will absorb the one-year increases that occur in the international market.”

In the event that the international market causes the price of gas to fall, the barrel discount will be passed on to consumers.

Read also: Najib Abu Kila resolves the mining decision in El Salvador!

hung Bukili on gas subsidies, saying:

“Not only will it ease the pockets of families, but it will also ease the pockets of small businesses, which helps strengthen our economy and that the most vulnerable sectors also feel the benefit of the economic growth that our country is enjoying.”

Price stabilization is a common sign of rising inflation.

It is one way in which central governments try to limit the effects of inflation at home.

swell works Bitcoin Scheduled, tapering, and eventual rarity solve this problem.

On Bitcoin, record prices will not be inflated enough to merit reform, and in the end the wealth of my traders will not be reduced Bitcoin Absolutely to ensure a state-sponsored price reduction.