Chivo Bitcoin wallet to launch in El Salvador on 7 September

The Chivo wallet for BTC transactions will be available for download on September 7 when the law to recognize bitcoin as legal tender comes into force.

According to
tweet President of El Salvador, Chivo’s digital wallet, backed by the country’s government, will go live early next month. Its use will not be required, but after installing the wallet, users will receive $ 30 in BTC as a reward. With the help of Chivo, organizations will be able to conduct settlements among themselves, individual users will be able to accept payments in bitcoins or in US dollars from relatives and friends, as well as send money transfers with zero commission.

If desired, users of the wallet can activate a function that allows them to automatically convert the received bitcoins into dollars. In the future, they can be left in an electronic wallet or withdrawn in cash at 200 ATMs. In addition, withdrawals and withdrawals will be available at 50 branches called “Puntos Chivos”, which can be contacted to resolve technical issues related to using the wallet. In these branches it will be possible to get detailed advice on using a wallet, depositing or withdrawing funds, using ATMs and receiving money from anywhere in the world.

“If you don’t want to use Chivo’s digital wallet, you can always take a queue at Western Union and pay a commission. There is no problem, ”wrote Bukele.

Despite the enthusiasm for the upcoming Bitcoin legalization in El Salvador, the cryptocurrency community remains skeptical among many citizens. They believe that bitcoin is used only for illegal purposes, and even organized protests against it. However, Bukele’s recent announcement is aimed precisely at dispelling myths that cryptocurrencies are closely linked to the world of money laundering and illicit financing.


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