From The Ground: Devastating Problems With The Chivo Wallet
During Bitcoin Week, reports of the Chivo Wallet stealing people’s Bitcoin reached a mainstream audience. Salvadorans have been dealing with the issue and reporting it to tech support for a while, without much luck. The international influencers that recently visited El Salvador have a much wider audience, and they are very confident that they know […]
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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 entrepreneur with skin in the game. This time, it’s a pseudonymous Reddit user with nothing to gain and nothing to […]
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 […]
El Salvador tapped crypto software firm AlphaPoint to fix numerous problems with its state Chivo wallet and help citizens adopt Bitcoin.
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, the country had launched its own government-approved bitcoin wallet, Chivo for carrying out crypto transactions in the country. Encouraging residents to accept the wallet by offering a $30 bonus on sign-up. “Bitcoin Day” has since come and gone since then and El Salvadoran citizens are settling into using the cryptocurrency as a legal tender alongside the US dollar. However, there have been....
Chivo Bitcoin wallet was taken down for five hours for maintenance after users reported various issues with the application. El Salvador’s Bitcoin (BTC) adoption drive met its first roadblock after citizens reported problems downloading and operating the state-run Chivo wallet. While the wallet was taken down soon after it went live, Salvadoran President Nayib Bukele later announced that all the issues related to the BTC wallet have been fixed. He tweeted: “We have finished today’s maintenance of Chivo wallet. Report any malfunction here, in the comments.”Soon after El Salvador’s....