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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.

Sep 14, 2021 at 12:28 p.m. UTC
Updated Sep 14, 2021 at 1:24 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.


DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Jamie Crawley is a CoinDesk news reporter based in London.

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