Bitcoin (BTC) is being adopted en masse in El Salvador just days after the Central American nation made the standard legal tender for cryptocurrencies.
President Nayib Bukele told 2.9 million of his Twitter followers that 1.1 million Salvadorans are already using Chivo, the country’s official Bitcoin wallet operated by BitGo.
“1.1 million Salvadorans are already using the Chivo wallet (and we still have to activate 65% of the phone models). It seems that we can deposit more people in a month than we can nationalize and privatize traditional banks in 40 years. Bitcoin ” El Salvador made history after becoming the first country to officially introduce Bitcoin on September 7. The country has promised its citizens $ 30 BTC, as well as the optional use of the Chivo wallet.
Chivo’s registration was recently discontinued and the wallet had to go offline outside of peak hours to fix technical issues. Now Bukele says that the app is fully functional. “1. The application is already working 100% 2.
Now also available for download on all Blu, Xiaomi, Motorola, TCL and ZTE models. Bukele adds that he sees “strong demand” for Chivo’s portfolio. “There has never been such a massive digitization project in El Salvador. I even believe that I have never had a national digitization project. Every hour we have twice as many new users as the participants against the march.