Chivo

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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