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Bitcoin Legalised: El Salvador Now Offers Starter Accounts Worth $30 to Promote Cryptocurrency's Use

El Salvador's national debt is already reaching troubling proportions.
The company that has run a Bitcoin ATM in the Salvadoran beach town of El Zonte for about a year announced it was installing a second machine in the capital and plans to put in at least a dozen others at shopping malls. The machines give dollars in exchange for Bitcoin or takes dollars and gives credit in Bitcoin.
The digital currency can be used in El Salvador in any transaction and any business will have to accept payment in Bitcoin, with the exception of those lacking the technology to do so. The US dollar will also continue to be El Salvador's currency and no one will be forced to pay in Bitcoin, according to the legislation.

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