El Salvador Chivo wallet app sees over 500,000 registration in one week

TL;DR Breakdown 500,000 people register on El Salvador Chivo wallet app.El Salvador sees rise in Bitcoin adoption after Bitcoin law. El Salvador state-owned native Chivo Wallet app has seen over 500,000 registration in just one week despite being an optional choice for residents. This was contained in an update released by President Nayib Bukele on Tuesday regarding progress made so far with the Bitcoin law and facilitating crypto usage in the country. Aside Chivo wallet, updates regarding Bitcoin law in El Salvador President Bukele revealed that there are 200 Chivo bitcoin ATMs up and running in the country and 50 machines installed in the U.S., which allow users to top up their app balance with zero commission fees. In the tweet, the president said further that users can now fund their wallet with any credit, debit, or gift card from anywhere in the world without paying commission fees. Salvadorians now can also transfer as little as $0.01 in bitcoin rather than the $5 minimum transfer before now. OK aquí las noticias sobre @chivowallet — Nayib Bukele (@nayibbukele) September 14, 2021 However, currently, new users cannot register to the state-owned bitcoin and dollar account owing to technical issues, Bukele stated. He stated, however, that 95 percent of Chivo Wallet’s technical difficulties have already been fixed. Crypto adoption in El Salvador continues to surge after Bitcoin law Just one week after the Bitcoin l...