President Bukele Reduces Gas Price For Chivo Bitcoin Wallet Users In El Salvador

President Nayib Bukele took to Twitter late Wednesday night to reveal gas stations in El Salvador would begin selling each gallon of fuel at a $0.20 discount for those who pay using the Bitcoin Chivo wallet.

Starting Thursday 30 September, Salvadorans, public transport, and any local company can use Chivo to get the gas benefit. According to the announcement posters, the gas benefits are valid until 14 October at least. 

There are three primary reasons for this discount, one being to combat the international increases in price of fuel. Another reason is to reduce the cost of supply chains for individuals and businesses in El Salvador. 

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