Chivo

El Salvador’s Bitcoin Remittances Drop Again Despite Potential Savings

El Salvador’s Bitcoin Remittances Drop Again Despite Potential Savings
El Salvador’s Bitcoin Remittances Drop Again Despite Potential Savings
October 28, 2022  |  Cryptocurrency

Low-cost remittances were one of the key selling points Salvadoran President Nayib Bukele cited when announcing the law that made bitcoin a legal tender in...

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El Salvador Weekly: One Year in, Bitcoin Currency Experiment Has Bombed
El Salvador Weekly: One Year in, Bitcoin Currency Experiment Has Bombed
September 09, 2022  |  Cryptocurrency

The anniversary of El Salvador’s experiment with bitcoin as a legal tender hit without much fanfare on Sept. 7, as it takes a fair bit...

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El Salvador Weekly: Half of Chivo Wallet Transactions Are Completed in Dollars
El Salvador Weekly: Half of Chivo Wallet Transactions Are Completed in Dollars
July 08, 2022  |  Mobile Wallets

El Salvador’s Chivo digital wallet has largely failed as a digital wallet for cryptocurrency, but it just might succeed as a dollar debit app for...

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Bitcoin-as-Currency Experiment Costs El Salvador 1% of Its GDP, IMF Reports
Bitcoin-as-Currency Experiment Costs El Salvador 1% of Its GDP, IMF Reports
February 04, 2022  |  Bitcoin

The International Monetary Fund (IMF) is still on the offensive when it comes to El Salvador’s use of bitcoin as a legal tender, estimating the...

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El Salvador’s Bitcoin-as-Currency Experiment Ends 2021 on a Low Note
El Salvador’s Bitcoin-as-Currency Experiment Ends 2021 on a Low Note
January 02, 2022  |  Bitcoin

Without a fairly sharp jump, bitcoin is going to end the year below the $51,000 level at which El Salvador bought its first 200 BTC,...

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Glitches, Fraud and High Fees Upset El Salvador’s Bitcoin Chivo Wallet Users
Glitches, Fraud and High Fees Upset El Salvador’s Bitcoin Chivo Wallet Users
October 31, 2021  |  International

The use of cryptocurrency as legal currency has been in force in El Salvador since Sept. 7, and in that period, user complaints continue to...

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Bitcoin Daily: SEC Approves ETF for Companies Holding Bitcoin; El Salvador Reports Over 3M Crypto Wallet Users
Bitcoin Daily: SEC Approves ETF for Companies Holding Bitcoin; El Salvador Reports Over 3M Crypto...
October 07, 2021  |  Bitcoin

The Securities and Exchange Commission (SEC) has approved an exchange-traded fund (ETF) for companies holding large amounts of bitcoin, Decrypt reported. The portfolio will include...

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Bitcoin Daily: El Salvador President Says 2.1M Residents Use New Crypto Wallet
Bitcoin Daily: El Salvador President Says 2.1M Residents Use New Crypto Wallet
September 26, 2021  |  Bitcoin

El Salvador President Nayib Bukele said 2.1 million Salvadorans are using the government’s Chivo cryptocurrency wallet, Cointelegraph reported. Earlier this month, the country decided to...

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