A third of El Salvador’s population is actively using its bitcoin wallet Chivo

Figures suggests a mixed response to bitcoin becoming legal tender in the country

El Salvador President Nayib Bukele has said a third of the country’s population is actively using the Chivo cryptocurrency wallet, after the government made bitcoin legal tender earlier this month.
Bukele tweeted  at the weekend that 2.1 million Salvadorans were actively using the wallet. “Chivo is not a bank, but in less than 3 weeks, it now has more users than any bank in El Salvador and is moving fast to have more users that [sic] ALL BANKS IN EL SALVADOR combined,” he said. “This is wild!”

El Salvador officially launched bitcoin as legal tender on September 7, meaning businesses have to accept it as payment, but the rollout was far from smooth.

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