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Tag Archives: Chivo

El Salvador: Fast niemand zahlt mit Bitcoin

Manch Krypto-Marktbeobachter setzte Hoffnungen auf El Salvador, das Land, welches im Jahr 2021 als Erstes den Bitcoin (BTC) als gesetzliches Zahlungsmittel einführte. Bisher mit überschaubarem Erfolg, wie aus einer neuen Infografik von Block-Builders.de hervorgeht. Nur etwa 22 Prozent der Menschen in El Salvador haben in den vergangenen 12 Monaten Kryptowährungen genutzt. Dabei legten sich die politischen Entscheidungsträger durchaus ins Zeug, wenn...

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The Chivo Wallet in El Salvador Is Being Problematic

Residents of El Salvador are experiencing more problems with the “Chivo” wallet system that the country has implemented. Chivo is designed to give all residents of the country access to bitcoin so that they can begin transacting it now that the currency is legal tender and designed to be used alongside USD, which the nation has long been dependent on. El Salvador Sees Issues with Its Chivo Wallet The goal is certainly impactful, but to say that the Chivo wallet hasn’t...

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El Salvador Limits Some Chivo Wallet Features to Prevent Fraud

El Salvador is taking necessary action to stop all those who have allegedly been misusing the new Chivo crypto wallet the country has implemented. Apparently, it only took about a month and a half for some people to resort to criminal activity to make their money via crypto. El Salvador Is Taking Action Against Alleged Cheaters The Chivo wallet is the new bitcoin wallet system that allows residents of the country to hold bitcoin, which they can then use to pay for goods...

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This country bought the dip

Bitcoin El Salvador: This country bought the dip Dips are for buying, don’t take our word for it, that’s some solid presidential advice. In a mere 3 days, Bitcoin lost 5,000 euros in value. A small, perfect dip if you were waiting for a buying opportunity. Apparently El Salvador was one of those waiting on the sidelines. The President let the world know they are stacking sats again. They can’t beat you if you buy the dip Buying the dip ? 150...

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Problems Occur for El Salvador Now That BTC Is Legal

Bitcoin is officially legal tender in El Salvador. The Central American country has been claiming for some time that it was going to declare the world’s number one digital currency by market cap the equivalent of the U.S. dollar and now that step has been taken, but unfortunately, the transition is proving to be somewhat turbulent as the nation’s regulators didn’t foresee all that could occur ahead of time. El Salvador Is Having a Rough Transition Let’s start with the...

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El Salvador Has Already Installed a Bunch of Crypto ATMs

El Salvador was serious when it said it was making bitcoin a legal currency within its borders, and anyone who didn’t believe the nation’s regulators are likely getting a good kick in the pants right about now. El Salvador Is Moving Up the Crypto Ladder The Central American country has begun rolling out bitcoin ATMs to begin allowing individuals to trade their crypto for fiat and vice versa. Thus far, about 200 separate machines have been installed. The country is still...

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Each El Salvador Resident Could Receive $30 in Free BTC

Residents of El Salvador will soon be eligible to receive a $30 bitcoin gift granted they open a new “Chivo” digital wallet. El Salvador Is Giving Free BTC to Its Citizens El Salvador recently made heavy crypto headlines when it was announced that bitcoin would be legal tender within the country’s borders beginning on September 7. This came after a hard-fought battle with the World Bank, which stated that it would not offer any assistance to El Salvador given that it was...

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