A third of Salvadorans ‘actively’ using Chivo wallet, President Bukele claims

Cointelegraph

Published Sep 25, 2021 06:42PM ET

Updated Sep 26, 2021 08:40PM ET

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 (NYSE:TWTR) followers Saturday afternoon, claiming that Chivo “now has more users than any bank in El Salvador” after just three weeks in operation. Bukele indicated that it’s only a matter of time before Chivo adoption eclipses all banks in El Salvador combined.

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