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El Salvador is handing out up to $117 million in Bitcoin to its citizens
El Salvador will be giving out $30 in bitcoin to any of its adult citizens that download a specific app and become verified on it. The population of El Salvador is 6.5 million, with estimates suggesting that 70% of the population is over the age of 15. As a result, adults likely make up around 60% of the population. This places the upper bound at roughly $117 million of bitcoin, which would currently total around 3,440 BTC. El Salvador's President Nayib Bukele addressed the nation last night, revealing the impending airdrop of sorts and detailing that bitcoin will become legal tender on September 7. The President ... (full story)
