Cryptocurrency Analysis and News Portal
A survey by the Central American University suggests that the majority of El Salvadorans disapprove of the government’s Bitcoin endeavor. More than 77% of the respondents want the government to stop spending money on Bitcoin-related projects. El Salvador failed to make it to the top 15 list in terms of crypto remittances. President
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A survey conducted recently by the Center for Citizen Studies of the Francisco Gavidia University, a private institution in El Salvador, has found that more than half of the Salvadorans surveyed still prefer the dollar over bitcoin as legal tender. Bitcoin, which has been pushed by Salvadoran president Nayib Bukele,
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According to the report, “Chivo is not being widely used to receive remittances from abroad”. Its figures align with recent reports from the Salvadoran Central Bank, according to which 1.6% of remittances were received by digital wallets in February, the study said. “In the first quarter of 2022, we find
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After opening a link that referred her to a WhatsApp chat, the scammer asked her to deposit money in her Chivo wallet to recover the funds. Vieytez put in $100, and was asked for more. She put in another $100 and, again, was asked for more. When the account had
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Some of the money from El Salvador’s state-issued Chivo wallets is reportedly missing, according to many Salvadorans posting on social media.In a Dec. 16 Twitter thread started by user “the commissioner,” at least 50 Salvadorans have reported December losses totaling more than $96,000, following the setup of the Bitcoin (BTC)
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Bitrefill, the startup that offers Bitcoin-funded prepaid cards for different services worldwide, launched a new bill-payment service that allows Salvadorans to pay for multiple basic needs using Bitcoin. The company made the announcement during the three-day conference Adopting Bitcoin carried in El Salvador, which brought together “the Bitcoin and Lightning
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Bitrefill will provide the service in El Salvador through PuntoXpress, a local platform that allows the payment of basic services and cell phone recharges. To carry out the process, users must provide an email address to receive a receipt and, if applicable, claim a voucher code, Bitrefill said. Source
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Almost a third of Salvadorans are actively using the Chivo bitcoin wallet less than a month after the country adopted the cryptocurrency as legal tender, President Nayib Bukele said in a tweet.Some 2.1 million people are using the wallet, Bukele said in a tweet. That’s more users than any bank
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Nayib Bukele, El Salvador president, has claimed that 2.1 million citizens are using the new government-backed Chivo cryptocurrency wallet. In a tweet, he implied the apparent success of Bitcoin in the country.El Salvador recently adopted bitcoin as a legal tender on September 7, 2021, being the first country to do
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Salvadoran President Nayib Bukele claims that 2.1 million of his fellow citizens are using the government-backed Chivo cryptocurrency wallet, offering a glimpse into the apparent success of the country’s Bitcoin (BTC) gambit. The controversial president updated his 2.9 million Twitter followers Saturday afternoon, claiming that Chivo “now has more users than
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