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November 27, 2022
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Government of El Salvador discusses payment of salaries in Bitcoin

Receiving salaries in Bitcoin represents the next step in the adoption of cryptocurrency in El Salvador, which gained prominence when it decided to opt for BTC as a legal tender

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

Three Salvadoran government ministries are discussing whether companies should pay their employees’ salaries in Bitcoin.

“Ministry of labor @RolandoCastroSv assured that, after Bitcoin is approved, it is being analyzed whether companies will have to pay the wages of their jobs through virtual currency. The official assured that @EconomiaSV and @HaciendaSV discuss the matter.”

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

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

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

“I was honored to be invited to the Presidential Palace in El Salvador to meet President @nayibbukele.

We discussed #bitcoin, volcano mining and the opportunity for the people of this great country.

This project is the real deal.”

Peter McCormack’s tweet reads: “I was honored to be invited to the Presidential Palace in El Salvador 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.”

Source: Koinalert

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