After President Nayib Bukele unveiled the world’s first volcano-powered bitcoin mining facility in El Salvador, he recently announced that Chivo bitcoin wallet users will receive discounts on gas refills at major gas stations. Accordingly, Chivo wallet users who pay for gas will save $ 0.2 per gallon (about 3.78 liters). El Salvadorans
President Bukele said he had signed a decision on a fund to stabilize gas prices in El Salvador. He pointed out that gasoline prices can be expected to rise worldwide, but the Stabilization Fund will prevent this in El Salvador.
In fact, gasoline prices will “fall slightly,” noted Bukele. “The government will ‘absorb’ the sustained increases in the international market in a year’s time, and the price reductions will be passed on directly to consumers.”
The president also said households that have already received gas price subsidies will continue to receive support. “This will not only relieve the pockets of households, but also small businesses, strengthen our economy and the weakest sectors will feel it too. Benefit from the economic growth of our country,” said Bukele.
Following these statements, President Bukele stated that Chivo wallet users can get a gasoline discount per gallon when they refill their tank.
El Salvador’s Chivo wallet propaganda banner
The instructions for the new discount aren’t very clear, but Bukele said some of the largest gas stations in the country will cut gasoline prices by $ 0.20 per gallon when customers use the Chivo wallet app to check out. He also shared propaganda banners with some gas stations that had joined the campaign.
Bukele said, “The state-owned company Chivo has negotiated with the largest gas stations in our country, so starting tomorrow these gas stations will sell every gallon of fuel with a wallet at $ 0.20 cheaper. Chivo. “
According to NewsBitcoin