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Tuesday

28 September 2021

El Salvador’s Chivo Wallet Saw 500,000 Registrations In One Week

El Salvador’s Chivo Wallet Saw 500,000 Registrations In One Week


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The President of El Salvador, Nayib Bukele, has shared updated information on the state-owned bitcoin and dollar wallet Chivo on Twitter, as well as some news regarding the country’s work towards facilitating BTC usage and exchange.

Bukele disclosed that there are 200 Chivo bitcoin ATMs up and running in the country and 50 machines installed in the U.S., which allow users to top up their app balance with zero commission fees.

But new users cannot currently register to the state-owned bitcoin and dollar account, Bukele explained, citing technical issues that ensued because of the massive spike in sign-ups since the Bitcoin law took effect on September 7.

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