The hospital will begin treating the pets of citizens on February 26th. The government trust FIDEBITCOIN provides the funding for the operation of the hospital.
Nayib Bukele, the President of El Salvador, recently inaugurated the public veterinary hospital Chivo Pets, whose construction he announced in October. It is the first time that such an institution receives funding with profits from the rise in the price of Bitcoin (BTC) in the Central American country.
The hospital will open its doors to the public on February 26th and attend to patients from 7:00 a.m. to 10:00 p.m. The Presidential House said that Salvadoran citizens could request appointments for their pets through http://chivopets.sv or by calling 195.
The Salvadoran government noted that all procedures would have a low price. In that way, they hope to help those not having the financial capacity to pay for a private veterinarian.
They estimate that the new pet medical facility with twelve offices will allow for 384 daily consultations.
They explained that the clinical laboratory of Chivo Pets is an essential complement to the daily activity of veterinary doctors. It will allow them to accurately diagnose the ailments of each pet, ranging from kidney profiles to liver profiles.
The veterinary hospital has stations: infectious and non-infectious cat or dog hospitalization. Besides, it has four operating rooms, one of which is for patients admitted for emergencies. There is also an imaging area divided into radiology and ultrasonography.
It also has grooming and rehabilitation areas for dogs. Among other things, the hospital has coworking positions available, along with two classrooms and an auditorium. That will allow the staff to integrate, generating an environment to exchange experiences and knowledge that benefit professionals and patients.
A Government Bitcoin Trust Provides Funds to Build the Veterinary Hospital
As mentioned above, the construction of the Salvadoran public veterinary hospital received funding with profits from the rise in the price of Bitcoin. The government trust FIDEBITCOIN used those returns for that in October when the currency was worth more than USD 55,000.
The construction of the work was possible thanks to the surplus of the trust. Nayib Bukele said that the government Bitcoin trust had a USD 4 million surplus regarding the amount the law establishes that it must manage.
The government trust of USD 150 million provides liquidity for converting BTC into US dollars to users of the Chivo wallet. Furthermore, the money for the USD 30 bonus worth of Bitcoin received by each user of the above app also came from there.
El Salvador is the first country that has adopted Bitcoin as legal tender. Individuals and companies, as well as public administration agencies and other state entities, can use Bitcoin as a currency in El Salvador.
The pioneering cryptocurrency plays a relevant role in the economy, which many governments have not overlooked. The possibility to develop projects that benefit the community is just one of the many advantages offered by Bitcoin.
By Alexander Salazar
