Chivo wallet El Salvador Bitcoin app, ATM set for launch

TL;DR Breakdown El Salvador announces date to launch country official BTC wallet, Chivo Wallet.El Salvador also install over 200 ATMs to change BTC for fiat.Slavadorians still against Bitcoin law. Central American country El Salvador that recently legalized Bitcoin as its currency has announced the launch of Chivo wallet and other plans to put proper infrastructure in place to enhance Bitcoin adoption in the country. El Salvador President, Nayib Bukele, announced in a tweet on Monday that there will be 200 ATMs and 50 branches capable of converting Bitcoin into U.S. dollars starting on Sept. 7. Esto será lo que pasará el 7 de septiembre:La gente podrá bajar una aplicación para recibir pagos o regalos en #bitcoin o DÓLARES.Si quieren la descargarán y si no quieren, no.Con ella recibirán $30 dólares equivalentes en #bitcoin para consumo.Si quieren, si no, no.— Nayib Bukele (@nayibbukele) August 23, 2021 Bukele also said that the El Salvador Bitcoin wallet-Chivo Wallet App, would also be available for download on Sept. 7. the app comes with a feature that automatically allows Salvadorians to convert their Bitcoin to dollars. Similarly, BTC can be withdrawn as cash at any of the 200 ATMs that the government would institute. One incentive put in by the government is that the app’s transactions will not attract any commissions. Bukele notes that the cost savings on transactions performed could be up to $400 million per year....