Chivo wallet el salvador

El salvador a country in central America governed by Nayib Bukele, has announced Chivo wallet after legalizing bitcoin in the country recently. This wallet app known as "Chivo" whose name translates in english "Goat" will servers as the country’s official Bitcoin wallet, which will allow Salvadorians to hold both BTC and USD balances as a mobile app. 

Together with his announcement Nayib Bukele made, he promised to dash out $30 worth of bitcoin to its citizens precisely, those that download and install chivo application. 

Chivo application will be available both in IOS and APK.

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Why chivo app el salvador? 

According to the president during his announcement of this wonderful application he said two things:

  • He want's the used of bitcoin to be adopted in the country for means of payment.
  • So that the people will have an incentive to use the application and download it, and in this way start the system … so that you can go to a local store and everyone will have bitcoin, because everyone will have the same incentive to have downloaded the app.”

Chivo app features 

1). The interface will be built to show bitcoin in dollar and dollar in bitcoin verse verser. 

2). Anyone using chivo app can easily convert bitcoin to dollar or dollar to bitcoin in the wallet. 

3). Chivo app will serves as a means of payment when purchasing goods and services but dollars will still be use primarily in payments of teachers, banks and others.

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Chivo wallet app download 

Finally chivo wallet app is out for download and am so sorry i updated this article 19 hours late, continue with the below latest new about chivo wallet app.

Latest updates on chivo app download

El Salvador has been forced to temporarily disable the bitcoin wallet app used to support the groundbreaking rollout of the cryptocurrency as a form of legal tender in the country.

But within hours of launched, the Chivo wallet app used to support payments had already run into problems due to network capacity issues.

“For a few moments Chivo wallet won’t work, we have disconnected it while increasing the capacity of the servers,” President Bukele tweeted in Spanish.

“The installation problems that some people had were for that reason. We prefer to correct it before reconnecting.” he described the issue as a “relatively straightforward problem”, adding “but it cannot be fixed with the system connected”.

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