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Salvadoran president Nayib Bukele has announced that local consumers can enjoy a $0.20 per gallon reduction in petrol prices when paying using the government-backed Bitcoin wallet, Chivo.
Describing the news as “positive news for the pockets of Salvadorans,” the president announced the subsidy via Twitter (NYSE:TWTR) on Sept. 30. According to a rough translation, Bukele stated:
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