Social Links
El Salvador’s Bitcoin Wallet Is ‘95% fixed,’ – Preside...
Bitcoin News, News

El Salvador’s Bitcoin Wallet Is ‘95% fixed,’ – President Nayib Bukele.

Just a week after its official rollout, El Salvador’s state Bitcoin wallet is continuously facing major issues.

After a week of Bitcoin [BTC] becoming legal tender in El Salvador, President Nayib Bukele has admitted that the Bitcoin wallet rollout of the state was very challenging.

Chivo has disabled new registrations and app downloads temporarily for new smartphones due to some issues.

On Monday, Bukele said on Twitter-

“Both things will be enabled until the application has no errors,” and also said that the Chivo team will restart registrations and downloads in the next couple of days.

“The technical errors of the Chivo wallet have been 95% fixed. In the next few days it will be working at 100%,”. He also said that El Salvador’s 200 Bitcoin ATMs and 50 Chivo-supported ATMs in the US are working perfectly.

Bukele also said that the early rollout caused the Chivo wallet bumpy rollout, stating:

“Launching everything in three months was too much of a challenge and we made mistakes, but we are already fixing them and hundreds of thousands of Salvadorans can already use Chivo with no issues.”

He also said that the Chivo wallet gathers half a million users since last Tuesday.

El Salvador launched the official Bitcoin wallet with Bitso, which was the“core crypto service provider” for Chivo. It faced major issues on launch day, Because of the capacity errors, it went offline for maintenance. Chivo has fixed the issues, but many users are still facing problems in transacting or withdrawing from Chivo and some find it completely non-functional.

Leave a Comment

Your email address will not be published. Required fields are marked *