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El Salvador’s Bitcoin Wallet Is Used by More Than Half a Million People, President Says
The president also addressed the technical errors that blighted the first few days of El Salvador’s adoption of bitcoin as legal tender.
Updated May 11, 2023, 4:33 p.m. Published Sep 14, 2021, 12:28 p.m.
More than half a million people in El Salvador are using the country’s bitcoin wallet following adoption of the cryptocurrency as legal tender on Sept. 7, President Nayib Bukele said.
- The Salvadoran government developed the Chivo wallet alongside Mexico-based crypto exchange Bitso to enable citizens to spend and receive crypto.
- “We currently have more than half a million users,” President Bukele tweeted on Monday. El Salvador has a population of almost 6.5 million people.
- The president also addressed the technical errors that blighted the first few days of El Salvador’s adoption of bitcoin as legal tender.
- Chivo’s technical errors are “95% corrected,” he tweeted, with expectation that the software would be fully operational within the coming days.
Read more: El Salvador to Exempt Foreign Investors From Tax on Bitcoin Profits: Report
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