Tag: chivo wallet

Oct 12 2021

El Salvador Sees Rise In Identity Theft As Scammers Steal Personal Data To Get $30 Bitcoin Bonus

El Salvador’s bitcoin roll-out has had its up and downs since the country officially made it legal tender on September 7th. In the past month, residents have posted both the good and bad of bitcoin adoption. It has been chiefly favorable as citizens settle into their new standard of having a cryptocurrency as a legal tender, alongside the existing dollar legal tender. The...

Oct 11 2021

A First Look At The Chivo App, El Salvador's Bitcoin Wallet

Discussing and explaining the technicalities of El Salvador's government- directed bitcoin wallet, Chivo.Watch This Episode On YouTubeListen To This Episode:...

Oct 10 2021

ETH’s Vitalik Buterin Blasts El Salvador’s Bitcoin Law. Is He On To Something?

It seems like Vitalik Buterin was dying to comment on El Salvador’s Bitcoin Law. A pseudonymous user posted this unpopular opinion on Reddit: El Salvador President Mr Nayab Bukele should not be praised by Crypto community.”...

Oct 04 2021

News From El Salvador, Early October: The Chivo Ecosystem’s Stress Test

Another month, another Bitcoin mined using volcanic power. That’s what’s happening in El Salvador, the little country that could. Plus, Moneygram alters its business. Problems and solutions with Chivo ATMs and the Chivo ecosystem as a whole. Stars in Bitcoin Beach and direct reports from the ground. This edition of our now regular news roundup comes full of action and heartwarming stories, so...

Oct 01 2021

The Extraordinary Ramifications Of Bitcoin As Money In El Salvador

Privacy advocates and Salvadorans discuss the rollout of El Salvador’s Bitcoin law, government wallet and more.Watch This Episode On YouTubeListen To This Episode:...

Sep 20 2021

1.6 Million Salvadorans Now Using Bitcoin Chivo Wallet

El Salvador President Nayib Bukele gives us an update on the adoption progress of their government Bitcoin app - Chivo Wallet.Today, the president of El Salvador, Nayib Bukele tweeted out an update on the adoption progress of the nation’s recently launched Bitcoin app, Chivo Wallet. As of now, over 1.6 million Salvadorans have been onboarded to the app and now have access...

Sep 16 2021

The Village And The Strongman: The Unlikely Story Of Bitcoin And El Salvador

Tracing Bitcoin’s journey in El Salvador, from new hope in a small village to a new law by an increasingly authoritarian government.I. As Fast As LightningI was standing in a small coffee shop just off of an unpaved street, in a Central American village with no traffic lights, an hour’s drive west on curvy jungle roads from the nearest major city....

Sep 14 2021

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

The state-owned bitcoin dollar account has over half a million users, 200 ATMs in El Salvador, 50 ATMs in the U.S.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...

Sep 12 2021

Bonds In El Salvador’s Market Struggle To Thrive Following Bitcoin Law

The ongoing bitcoin adoption in El Salvador seems to be causing a lot of issues. But, for now, it seems to be the turn of Bond investors. The yields have recently spiked as investors show signs of uncertainty on what the economy holds in store. According to a Bloomberg...

Sep 09 2021

El Salvador’s Bitcoin Journey Kicks Off With A Bummer, BTC Price Crashes

Sep 09 2021 Published at Bitcoinist.com under tags  bitcoin chivo wallet huawei usd

The struggles associated with turning Bitcoin into El Salvador’s legal tender has not been easy. There’s a general state of uncertainty in the nation with street protests, arrests of critics by police with no charge, and reprimands from international bodies. These difficult issues have thwarted the setting within the last 90 days from the time President Nayib Bukele laid down a path for...

Sep 07 2021

Sep 02 2021

News From El Salvador, Early September: TV Spot, Chivo Leaks, And BTC Smiles

El Salvador ’s Bitcoin Law goes into effect on September 7th. Legal tender day is just around the corner, and you know what that means. It’s time for another news roundup! How’s the growing excitement treating El Salvador? Is there any pull-back from the general public? Does El Salvador ‘s first Bitcoin tv spot explain the technology clearly? Does the image below show...

Aug 24 2021

President Bukele Guarantees Zero Commissions, Shows Confidence In Bitcoin Law

To respond to the opposition’s claims and announce several key aspects of his Bitcoin Law strategy, President Bukele used a tweetstorm. On September 7th, El Salvador’s Bitcoin experiment goes into full effect. The...

Jun 29 2021

President Bukele Clears Up Misconceptions About The Government’s Chivo Wallet

On June 24th, in a national broadcast, President Bukele cleared up misconceptions about El Salvador’s Bitcoin Law and presented the government’s wallet. That created a whole lot of new misconceptions about the app itself, the newly minted Chivo Wallet. Most of...

Jun 25 2021

El Salvador Reveals National Bitcoin Wallet, Plans To Distribute $117 Million In BTC To Citizens

El Salvador’s president announced the country’s official bitcoin wallet, Chivo, to be launched in September and give $30 in BTC to users.The President of El Salvador, Nayib Bukele, has announced Chivo, the country’s official Bitcoin wallet, which will allow Salvadorians to hold both BTC and USD balances as a mobile app. The government will also give a $30 bonus in bitcoin...

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