With a week to go before Bitcoin becomes legal currency in El Salvador, the government of El Salvador has released the first ever-ever Bitcoin commercial produced by a national government on August 30. The video was later shared on Reddit by diarpiiiii and attracted nearly 2,000 upvotes in just 12 hours.
The catchy commercial importantly notes that the use of Bitcoin is not mandatory; you will still have the option to receive or pay in dollars or Bitcoin.
The video reveals, according to Reddit user felipebrunet:
“Starting in September, bitcoin will be legal currency in El Salvador, along with the USD. Using bitcoin will not be mandatory. You will have the option to pay and charge with bitcoin or with USD. The transactions in cash, the prices, and the wages will still be paid in USD. You will be able to freely use the government wallet app for making transactions in both USD or in bitcoin, at any time and without any fees. Also, you are free to use any other wallet for your transactions. With our government wallet, you will receive a gift of 30 USD for your consumption. Using your phone for transactions will spare you from handling money and signing vouchers or receipts. The same goes for the seller, and always without transaction fees. You will also be able to receive and send money from other countries, at any time and again without fees. Using bitcoin is easy, and it’s voluntary. Gobierno de El Salvador”
Indeed, the Central American country will be the first in the world to embrace Bitcoin as legal tender, and it will circulate alongside the US dollar as the official currency of the nation.