A third of the Salvadoran population uses Chivo-Wallet “actively”, announced President Nayib Bukele

September 26, 2021 - Around 4 mins mins to read

Salvadoran President Nayib Bukele explain that 2.1 million people in the country use the government-sponsored Chivo crypto wallet, which gives an insight into the apparent success in the fight for the acceptance of Bitcoin as legal money.

Nayib Bukele, accused of being an autocrat on Bitcoin law, said Chivo “now has more users than any bank in El Salvador” after just three weeks of operation. He points out that it is only a matter of time before the introduction of Chivo dwarfs all banks in El Salvador combined.

The government-issued Chivo wallet was launched in early September when El Salvador officially recognized Bitcoin as legal tender alongside the US dollar – a landmark move that could raise the flag for other countries in the region. Chivo enables individuals and businesses to send and receive payments in BTC or USD from anywhere in the world. The wallet is available on both Android and Apple devices. The Mexican crypto exchange Bitso has registered as a core service provider for Chivo.

Bukele’s recent statement shows that the Bitcoin law is gaining support across the country, even as hundreds of people have taken to the streets to protest. The protests culminated on September 15 when residents burned down a cryptocurrency kiosk in the country’s capital.

According to a recent survey by the São Paulo-based agency Sherlock Communications, more than half of Salvadorans are unfamiliar with Bitcoin.

Meanwhile, the Bukele government has been filling its coffers with BTC after a series of recent price swings. El Salvador has had at least two recent break-ins – Jan.

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

Annie

According to Cointelegraph

The Big Short legend Michael Burry has been summoned by

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

Nabob Bekele, accused of being an autocrat on Bitcoin law, said Chive “now has more users than any bank in El Salvador” after just three weeks of operation. He points out that it is only a matter of time before the introduction of Chive dwarfs all banks in El Salvador combined. The government-issued Chive wallet was launched in early September when El Salvador officially recognized Bitcoin as legal tender alongside the US dollar – a landmark move that could raise the flag for other countries in the region. Chive enables individuals and businesses to send and receive payments in BTC or USD from anywhere in the world. The wallet is available on both Android and Apple devices. The Mexican crypto exchange Bits has registered as a core service provider for Chive. Nabob Bekele, accused of being an autocrat on Bitcoin law, said Chive “now has more users than any bank in El Salvador” after just three weeks of operation. He points out that it is only a matter of time before the introduction of Chive dwarfs all banks in El Salvador combined. The government-issued Chive wallet was launched in early September when El Salvador officially recognized Bitcoin as legal tender alongside the US dollar – a landmark move that could raise the flag for other countries in the region. Chive enables individuals and businesses to send and receive payments in BTC or USD from anywhere in the world. The wallet is available on both Android and Apple devices. The Mexican crypto exchange Bits has registered as a core service provider for Chive. Nabob Bekele, accused of being an autocrat on Bitcoin law, said Chive “now has more users than any bank in El Salvador” after just three weeks of operation. He points out that it is only a matter of time before the introduction of Chive dwarfs all banks in El Salvador combined. The government-issued Chive wallet was launched in early September when El Salvador officially recognized Bitcoin as legal tender alongside the US dollar – a landmark move that could raise the flag for other countries in the region. Chive enables individuals and businesses to send and receive payments in BTC or USD from anywhere in the world. The wallet is available on both Android and Apple devices. The Mexican crypto exchange Bits has registered as a core service provider for Chive.

Market