Bitfinex to Donate $1.3 Million Worth of BTC and USDT to Communities in El Salvador – Bitcoin News
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Bitfinex to Donate $1.3 million worth of BTC and USDT to Communities in El Salvador. The funds will initially target small businesses in Salvadoran communities located in Apopa, Ilopango, and Soyapango. Bitcoin became legal tender in the Central American country on September 7, 2021. The country acquired 80 BTC when the leading crypto asset dropped below $19K per unit on July 1, 2022. The donations will be sent to the “recipients’ bitcoin wallets, including the Chivo wallets’” The company is donating 36 bitcoin (BTC) worth just over $734K using current BTC exchange rates and 600,000 tether (USDT) to small businesses and communities. Source