El Salvador relaunches Chivo wallet to tackle Bitcoin challenges
El Salvador has pioneered using Bitcoins as legal tender. In addition, the country has resumed using its Chivo wallet to overcome challenges posed during BTC transactions.
The revamped version comes with an AlphaPoint integration which can help the 4 million Bitcoin users to participate in real-time BTC transactions while attracting low transfer fees. This will also help maintain the stability of the system.
Close to 2.1 million users added themselves to the Chivo wallet post the relaunch announcement. The wallet is expected to serve close to 75% of people by the end of this year. The wallet aims to simplify utility, tax, and other payments through Bitcoin to extend the use of the wallet in day-to-day transactions.
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