In a live twitter space audio conversation with Nic Carter, President Nayib Bukele said El Salvador would grant permanent residency for immigrants that invests 3 Bitcoins ($105629 Aprx ) into the nations economy. El Salvador will have a Government Wallet for merchants(but it won’t be the only choice), as Bitcoin is an open network. Company balance sheet will be in USD, but taxes can be paid with Bitcoin. Debts will be albe to be paid with bitcoin.There will be a trust fund put in place by government, Which will assume the price-risk of the merchants, and deposit USD for them, even if the customer pays BTC. Proposing to give immediate permanent residency to a person who invests in 3BTC into El Salvador.
“El Salvador is not just a country anymore, it’s a symbol of what Bitcoin can do,”Bukele