A Chivo wallet programmer has opened up about the different problems that the flagship cryptocurrency wallet of El Salvador faced during its initial stages. Shaun Overton, who alleges he was hired to ...
Tag: Chivo
Botched Bitcoin Experiment Using Chivo Wallet Cost El Salvador’s Taxpayers Over $20 Million
Advertisement     After causing great excitement upon its launch last year, El Salvador’s Bitcoin experiment has come under fire, particularly with the Chivo wallet, w...
River Financial Is Powering The Chivo Wallet’s Lightning Transactions. Why?
Wait a minute, is River Financial involved in El Salvador’s bitcoin story? Since when? Apparently, the highly respected financial institution is now processing the Chivo Wallet’s Lightning transaction...
El Salvador’s Bitcoin wallet Chivo scores $52M in remittances in 2022
Salvadorans living abroad hsent over $50 million in remittances from January to May this year, according to the El Salvador Central Reserve Bank. Douglas Rodríguez, president of the El Salvador centra...
El Salvador’s Chivo Wallet Users Complain of Transfer Issues
Two customers who previously had no problems moving cash to cold storage have alerted Blockworks that they are now unable to do so. According to local sources, citizens and business owners were ...
Study finds El Salvador’s Chivo Bitcoin Wallet is not widely used
A study published by the Economic Bureau of Economic Research claims El Salvador’s Chivo Wallet has been a bust. Researchers say despite high initial interest, the usage of the Chivo Wallet is low and...
Six of 10 Salvadorans Quit Using the Chivo Wallet After Getting the Bitcoin Incentive, Study Shows
According to the report, “Chivo is not being widely used to receive remittances from abroad”. Its figures align with recent reports from the Salvadoran Central Bank, according to which 1.6% of remitta...
No Chivo Wallet Downloads in El Salvador This Year, Study Shows
El Salvador is the first country in the world to accept Bitcoin (BTC) as a legal tender back in September 2021. While the President, Nayib Bukele gained popularity through the publishing of sterling d...
Cash App and Chivo help drive Lightning payment volume up
Lightning Network, has seen payment volume increase by over 400% The network aims to provide faster and cheaper BTC transactions Over 80 million people had the ability to access payments on the Lightn...
Cash App and Chivo help drive Lightning payment volume up 400%
A new report highlights how the Lightning Network has grown in popularity as a way of transferring digital assets quickly and efficiently around the globe. On Thursday, CNBC told the story of Alena V...
After criticism, El Salvador joined hands with AlphaPoint and Netki to upgrade Chivo
El Salvador has now added two more firms to its roster: AlphaPoint, a software company based in New York, and Netki, a digital identity supplier based in Los Angeles. Netki joined the Chivo project an...
Bitcoin funded pets hospital Chivo is thriving in El Salvador
Bitcoin infused pets hospital named Chivo is present in El Salvador Social and welfare infrastructure is driving change in the country Each service costs $0.25 which is a flat rate in the hospital C...
Take a look inside the Bitcoin-funded Chivo Pets Hospital, where treatment costs $0.25
Chivo Pets, the first public veterinary hospital in El Salvador, opened its doors last month with an inaugural visit from President Bukele. Inauguración de @ChivoPets ?? https://t.co/pSZUAvtKkT — Nayi...
News From El Salvador, Late February: Chivo Pets Exists And Celebrities Visit
While the world burns, El Salvador opens the Chivo Pets hospital. Not everything is lost. In this edition, we also highlight the famous visitors from all walks of life that have recently been to the c...
Here’s how El Salvador is trying to improve the Chivo Wallet
El Salvador’s state-provided bitcoin wallet has had a rough early going. But since then, the government has hired some new US companies to take on the task of improving the app. Chivo, which now coun...
El Salvador Chivo Bitcoin Wallet Relaunch To Serve 4 Million Users
El Salvador, a country that has become infamous for being the first sovereign nation to accept bitcoin as a legal tender, continues its journey through uncharted waters. To make this move a reality, t...
El Salvador uses AlphaPoint to manage the Chivo Bitcoin wallet
El Salvador has switched frontend and backend technology providers for its Chivo Bitcoin wallet, appointing AlphaPoint. The company will address issues that have arisen with the wallet of choice for 4...
El Salvador to Fix Chivo Wallet’s Issues by Partnering With AlphaPoint
The government of El Salvador and the American financial technology provider – AlphaPoint – joined forces to improve the technology for the Chivo wallet. The feature allows access to bitcoin for milli...
El Salvador Switches Tech Providers — Chooses Alphapoint to Operate Chivo Bitcoin Wallet – Bitcoin News
On February 2, 2022, the blockchain infrastructure provider Alphapoint has announced that the Salvadoran government has chosen the firm to operate the bitcoin wallet Chivo. The bitcoin wallet is the l...
El Salvador to update Chivo wallet to facilitate Bitcoin (BTC) transfers
El Salvador became the first country to adopt Bitcoin as legal tender last year. To make its BTC initiative possible, the country launched the Chivo wallet to facilitate the transfer of Bitcoin locall...
El Salvador Deploys 1500 BTC ATMs, Relaunch Chivo Wallet; Success Could Usher A Crypto Revolution
El Salvador was the first nation which accepts Bitcoin(BTC) as a legal tender, and the country is now focusing on relaunching the Chivo wallet. The El Salvador Nayib Bukele led government focuses on C...
AlphaPoint to power El Salvador’s Chivo, first national Bitcoin wallet
AlphaPoint, white label infrastructure providing software infrastructure technology, is supporting Chivo and integrating its entire financial ecosystem, Invezz learned from a press release. Chivo is t...
El Salvador Taps AlphaPoint to Fix State-Sponsored Bitcoin Wallet Chivo
In brief El Salvador’s state-sponsored Bitcoin wallet had numerous problems after its September launch. A U.S. software company has been hired to fix them. El Salvador’s government today announc...
El Salvador’s Chivo wallet keeps breaking, and users are seeking answers
While many spent the holiday season with friends and family, at least dozens of people in El Salvador were also dedicating a good chunk of time to chasing down customer support for their government-pr...
From The Ground: A Salvadoran With The Latest On Chivo Wallet And BTC Education
For current information about the Chivo Wallet, you have to ask a Salvadoran. It was about time we brought another El Salvador native to “From The Ground.” The previous one, Darvin Otero, was a tech e...
IMF Urges El Salvador to Drop Bitcoin Tender Law, Executive Board Report criticizes BTC Bonds, Chivo Wallet – Bitcoin News
The International Monetary Fund (IMF) has been very critical of cryptocurrencies and according to a report on Tuesday, the IMF’s board has “urged” El Salvador to discontinue its bitcoin tender status....
The Chivo Wallet in El Salvador Is having technical issues
Chivo, which offers commission-free transactions is having Technical difficulties. Chico Users are still unsure what to do with their Bitcoin and the software. Users are not able to access and withdra...
The Chivo Wallet in El Salvador Is Being Problematic
Residents of El Salvador are experiencing more problems with the “Chivo” wallet system that the country has implemented. Chivo is designed to give all residents of the country access to bitcoin so tha...