El Salvador’s Chivo wallet is ‘95% fixed – President Bukele
President Nayib Bukele stated that the implementation of the state Bitcoin wallet was too difficult just a week after Bitcoin (BTC) became legal cash in El Salvador. Although the wallet faced some challenges, it is almost fixed. Due to continued troubles with the software, Chivo, El Salvador’s official Bitcoin wallet , has temporarily disabled new […]
Bond investors in El Salvador suffer as Bitcoin Law takes effect
El Salvador’s decision to embrace Bitcoin has ruffled bond investors’ feathers. Although, the Bitcoin law seems to be the main reason, other factors need to be taken into account. According to a Bloomberg story published on Sept. 8, the yield curve on El Salvador’s bonds has just inverted, indicating short-term bonds are now yielding more […]
Bancoagrícola, El Salvador’s largest bank partners with Flexa for Bitcoin payments
El Salvador’s largest banking institution Bancoagrícola will work with Flexa to accept Bitcoin across the bank’s network for payments like loans and credit cards. The country’s Bitcoin adoption journey seems to be smooth sailing. Following its cooperation with digital payments gateway Flexa, El Salvador’s largest banking institution , Bancoagrcola, is aiming to increase the country’s […]
Charles Hoskinson predicts more countries will adopt Bitcoin following El Salvador’s BTC adoption
According to Cardano founder Charles Hoskinson, the introduction of Bitcoin in El Salvador is a significant victory for the cryptocurrency industry. The historic introduction of Bitcoin (BTC) as legal cash in El Salvador on Tuesday has prompted Cardano founder Charles Hoskinson to predict that many more countries will follow in the Latin American nation’s footsteps […]
El Salvador’s Bitcoin Launch: Chivo wallet reportedly fixed after bumpy rollout
Following reports of various faults with the application, the Chivo Bitcoin wallet was forced to shut down for five hours for scheduled maintenance. El Salvador’s Bitcoin (BTC) adoption effort has hit a snag after citizens experienced difficulties downloading and using the government-sponsored Chivo wallet . While the wallet was pulled down shortly after it went […]