All economic agents shall accept it as a form of payment in transactions of goods and services. For that to be possible, the Salvadoran state will create the necessary institutional structure for the circulation of this cryptocurrency.
"The Bitcoin Law is ambitious but simple. It has been structured to have zero risks for those who do not want to take risks," President Nayib Bukele tweeted, adding that his administration will guarantee the "automatic and instant convertibility" of Bitcoins to dollars.
This crypto "will bring financial inclusion, investment, tourism, innovation, and economic development for our country... let no one tell us that we are too small to be big," he added.