CoinDesk reported:
President Nayib Bukele, the 42-year-old Salvadoran Leader in his first term in office, has a vision to completely revolutionize the economy, starting with the integration of Bitcoin. Businesses must accept bitcoin for payment by law, and the government has purchased 2,381 BTC to date (worth ~$70 million as of this writing). It also launched its own bitcoin wallet – called the Chivo Wallet – and announced plans to deploy 1,500 bitcoin ATMs to help spur adoption.