Last updated on January 20th, 2022 at 04:47 pm
El Salvador has been at the forefront of adopting Bitcoin and making it an important aspect of its economy. At the moment, BTC is a legal tender and Salvadoran President, Nayib Bukele has created policies to encourage his residents to adopt crypto in their everyday life. New users of the state-owned Bitcoin wallet, Chivo wallet was rewarded with a $30 sign-up bonus. Those that pay for fuel with Bitcoin are eligible for a discount.
Recently, the President on Twitter announced that he intends to invest a part of the profits earned from the Bitcoin holdings in the intended veterinary clinic that will be erected in San Salvador. As always, he made his announcement on Twitter. In his thread of tweets, he announced that the Bitcoin trust fund being held by the government has amassed over four million dollars in profits.
The proposed veterinary hospital will contain four operating rooms, four emergency clinics, 19 offices, and a rehabilitation area.
It is expected that the hospital will carry out numerous surgeries and cater to emergencies and general appointments daily. With the vet clinic, many animals will have access to adequate medical care.
As always, the news by Bukele was met with mixed reactions. Some felt that it would have been better if the profits were used for something else. One of these reactions came from Norma De Serrano, a Twitter user that felt Bukele should use the profits instead to improve the medical systems that catered to human beings. Others had similar thoughts with him.
