Tags : Chivo

Bitcoin

Devastating Problems With The Chivo Wallet – Bitcoinist.com

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 […]Read More

Regulation

News From El Salvador, Early September: TV Spot, Chivo Leaks,

El Salvador ’s Bitcoin Law goes into effect on September 7th. Legal tender day is just around the corner, and you know what that means. It’s time for another news roundup! How’s the growing excitement treating El Salvador? Is there any pull-back from the general public? Does El Salvador ‘s first Bitcoin tv spot explain […]Read More

Regulation

News From El Salvador, Early October: The Chivo Ecosystem’s Stress

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 […]Read More

Regulation

El Salvador’s Bitcoin wallet Chivo is set to remove its

Chivo will be removing its scalping feature to curb growing speculative tendencies involving Bitcoin, it said in a tweet last night. “Scalping” would allow users to freeze Bitcoin prices for a minute allowing a small window for the users to compare prices on other exchanges before making a final purchase. Chivo took to Twitter to […]Read More

Bitcoin

El Salvador’s Chivo Bitcoin (BTC) wallet is rife with identity

According to El Mundo, identity thieves have targetted the Chivo wallet leading to further doubts around Bitcoin adoption in El Salvador. President Bukele sold the idea of Bitcoin as legal tender based on “banking the unbanked” and reducing overseas remittance fees. Payments to friends and family from Salvadorians living and working abroad account for 22% […]Read More

Regulation

El Salvador mandates Bitcoin usage via Chivo wallet…or so it

During the last day preceding the controversial Bitcoin (BTC) legislation coming into effect in El Salvador, the legal advisor to the presidency, Javier Argueta, got caught in the local media web as contradictory statements about the obligation of entrepreneurs to use the government’s official digital wallet, dubbed Chivo, flooded the headlines. As a consequence, the […]Read More