El Salvador's Bitcoin wallet Chivo scores $52M in remittances in 2022

El Salvador's Bitcoin wallet Chivo scores $52M in remittances in 2022

El Salvador payment app Chivo processed $52 million in remittances over the past 6 months, as expatriates make use of commission-free BTC transfers. Salvadorans living abroad have sent 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 central bank, unpacked the general economic outlook for the country on the local television news program Frente a Frente on Wednesday.A major takeaway was the $52 million of remittances processed by national digital wallet service Chivo through the....

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