When Bitcoin became legal tender in El Salvador, thousands of keen Salvadorans awaited to download the country’s government-furnished Bitcoin wallet, Chivo. However, within hours, it became clear that ...

Stacey Herbert, director of the Bitcoin Office in El Salvador, posted on Thursday that the government-issued Chivo wallet — launched in 2021 in a bid to spread bitcoin adoption across the ...

And the Chivo wallet enables instantaneous conversion ... Salvadorans who have access to smartphones but not banks. Among El Salvador’s two poorest quintiles, many of whom live in rural areas ...

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 ...

Nayib Bukele, President of El Salvador, speaks during the United Nations General Assembly (UNGA) at the United Nations headquarters on Sept. 24, 2024 in New York City. Michael M. Santiago—Getty ...

The El Salvador-IMF agreement requires the government to phase out public participation in Chivo, the state-backed Bitcoin ...

El Salvador will privatize or close the cryptocurrency wallet “Chivo” created by President Nayib Bukele when he made bitcoin legal tender in 2021, an official said Thursday. The announcement came ...

For all the excitement surrounding Bitcoin in El Salvador, its first week has been plagued with app errors, vague regulations and a lack of public education on cryptocurrencies and blockchain ...

SAN SALVADOR, El Salvador — El Salvador on Tuesday became ... Bukele explained that the digital wallet Chivo had been disconnected while server capacity was increased. The president said it ...

El Salvador’s digital Bitcoin wallet Chivo removed a pricing feature that allowed users to make rapid profits on trades as it steps up efforts to crack down on speculation involving the world ...

At first, Cynthia Gutierrez refused to download Chivo, the digital wallet developed by El Salvador’s government for the use of bitcoin throughout the country and released on Sept. 7.

In September of last year, El Salvador became the first nation to adopt Bitcoin as a legal tender, as the country’s government introduced the Chivo wallet in order to facilitate BTC ...