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 at 4:33 p.m. UTC
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.