El Salvador reportedly fixes crypto wallet after bumpy Bitcoin rollout

El Salvador reportedly fixes crypto wallet after bumpy Bitcoin rollout

El Salvador’s Bitcoin (BTC) adoption drive met its first roadblock after citizens reported problems downloading and operating the state-run Chivo wallet. 

While the wallet was taken down soon after it went live, Salvadoran President Nayib Bukele later announced that all the issues related to the BTC wallet have been fixed. He tweeted:

Our top trading bots

“We have finished today’s maintenance of Chivo wallet. Report any malfunction here, in the comments.”

Soon after El Salvador’s implementation of the Bitcoin Law, Chivo wallet was reportedly launched on major app stores, including Google Play, Huawei AppGallery and Apple App Store.

After numerous user reports of system downtime and download issues, Bukele announced a maintenance period to improve the user experience and fix reported problems:

“We will disconnect the system from 1am to 6am to make these adjustments. Our teams are ready. We hope tomorrow is much better.”

Currently, the Chivo wallet in the Google Play store will only be supported for the Samsung Galaxy S20 and Samsung Galaxy S21.

While the service has resumed, Salvadoran authorities have requested citizens to report Chivo-related technical issues that will be addressed to “improve everyone’s experience.”

Related: El Salvador says merchants must process BTC transactions — Or they may face action

As Bitcoin’s status as legal tender in El Salvador is now official, the legal counsel to the president, Javier Argueta, has announced a mandate for local businesses to accept BTC.

Businesses still reserve the right to choose between BTC and the United States dollar for final payouts. The Chivo wallet has an option for merchants to convert their Bitcoin income into dollars automatically.

American fast-food giant McDonald’s has also started accepting Bitcoin payments in the country.

Read on about Cointelegraph
Ally or suspect? The war in Ukraine as a stress test for the crypto industry
It has been two weeks since Russia kicked off the first large-scale military action in Europe in the 21st century — a so-called “special operation” in Ukraine....
Bitfinex money laundering: Husband faces pre-trial detention, wife gets bail
The husband-wife duo accused in the infamous $3.6 billion Bitcoin (BTC) money laundering case had quite a contrasting valentine. A federal judge upheld...
Sustainable Bitcoin miner uses waste heat to dry wood
Norway is a bastion for renewable energy management in Europe. As much as 99% of Norway’s energy derives from hydropower, while the grid often enjoys a...
FTX exchange floats $1M prize for banks to accept stablecoins
Cryptocurrency derivatives exchange FTX is calling on banks to reach out and discuss the possibility of accepting stablecoins in exchange for a $1 million...
5 times quickfire crypto traders bought the news for double (or triple) digit profits
Why do crypto traders “buy the rumor, sell the news”?Simple. Because whispers of exchange listings or big-name partnerships reach very few people… while...
Binance Smart Chain and Animoca Brands form $200M fund for GameFi projects
Binance Smart Chain (BSC) and Animoca Brands are launching a $200-million investment program to incubate early cryptocurrency-focused gaming projects building...
Bearish Bitcoin fractal with 78% success rate flashes as BTC drops below $43.5K
Last week's drop in Bitcoin (BTC) that saw the price of Bitcoin falling from $47,358 to $43,178 has sparked fears of an extended selloff.Independent market...
Kaspersky ranks cryptojackers among top malware threats in Africa
Russian cybersecurity firm Kaspersky has detected more than 1,500 fraudulent entities targeting potential crypto investors and miners just in the first...
Bitcoin bull run sparks $180K BTC price prediction ahead of institutional ‘fireworks’
Bitcoin (BTC) made traders play a guessing game on Thursday as $50,000 looked increasingly shaky as new support.BTC/USD 1-hour candle chart (Bitstamp)....
Top 5 cryptocurrencies to watch this week: BTC, ADA, AVAX, CAKE, ATOM
Bitcoin (BTC) is knocking at the doors of the key $50,000 level and most traders are still optimistic even after the digital asset rallied 70% from the...
Price analysis 8/9: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LINK
Bitcoin’s (BTC) recovery from $29,482.61 on July 21 has continued to surpass one resistance after another. Today, Bitcoin has risen above the 200-day simple...
No, Bitcoin isn’t entering a 2018-like bear cycle, new data suggests, as BTC targets $45K
The scale of Bitcoin’s (BTC) ongoing downside correction might not be as alarming as it was in 2018, indicates data shared by Glassnode.The blockchain analytics...
Summer shorts: NANO price spike gives traders a chance to bet against the rally
When Elon Musk’s ‘Bitcoin is bad for the environment’ tweet caused a flash crash of BTC and the majority of altcoins’ prices earlier this week, a handful...
Kim Kardashian Acquires Her First Physical Bitcoin
One of the most important personalities in the modern beauty and entertainment industries, American-Armenian socialite Kim Kardashian West has got her own...
Why Millennials Prefer Cryptocurrency?
Today, almost everyone knows what Bitcoin is. This cryptocurrency has become popular because of its rapid growth. But also Bitcoin has become a key element...