Chivo Wallet El Salvador individuals and companies with Bitcoin and US cryptocurrencies. Supports free dollar transactions.
Mexico-based exchange Bitso will provide key crypto services for Chivo Wallet El Salvador. Bitso says it is working with Silvergate Bank of California to facilitate dollar transactions and that the app will help automate the liquidation of bitcoin dollar transactions and withdrawals from bitcoin ATMs across the country.
The let-go application, called "Chivo", which translates to "goat" in English, will have a server as the country's official bitcoin wallet, allowing Salvadorans to have both BTC and USD ban lenses as mobile applications. With its Nib Bukele announcement, it promised to fix $ 30 worth of bitcoins for its citizens who downloaded and installed the Chivo Wallet El Salvador.
Importantly, unlike the usual bitcoin wallets and credit cards that charge user transaction fees, Chivo Wallet allows users as well as merchants to send/receive Bitcoins or convert their BTC into dollars and enjoy free transactions.
In addition, Chivo lets both support bitcoin and the US dollar, and residents can convert their bitcoins into fiat dollars or buy Bitcoin in real-time at no more than 200 Chivo ATMs in the country without a commission.
When you download Chivo Wallet you will get an airdrop of $ 30 BTC which you can convert to USD. This is to encourage the use of Bitcoin and ChivoValet.
Why Chivo Wallet El Salvador Savior?
Bitso said it will work with Silvergate Bank, a US state-regulated and California-chartered bank, to facilitate transactions in US dollars.
“We look forward to working with El Salvador on an initiative that will transform the payment structure and improve the country’s financial inclusion,” said Santiago Alvarado, vice president of Bitso for Business.
Vice President Buchel, who has pushed for the adoption of cryptocurrency, has argued that using Bitcoin will help Salvador's save $ 400 million a year in commissions on remittances while providing access to financial services to people without a bank account.
According to the President, in announcing this wonderful momentum, he said two things. He wants Bitcoin to be used as a payment instrument in the country. So that people are encouraged to use and download the app and the system starts with that ... "
Features of Chivo Wallet El Salvador
- An interface will be created to display dollars in bitcoin and bitcoin versus in dollars.
- Anyone using the Chivo app can easily convert Bitcoin into dollars or dollars into Bitcoin in any wallet.
- The Chivo app will serve as a means of payment when purchasing goods and services, but the dollars will be used primarily to pay teachers, banks, and others.
How can I install Chivo Wallet El Salvador Apk on my Android phone?
- You can download the App by clicking the button above to start the download. Once the download is complete, you will find the APK in the "Downloads" section of your browser. Before you can install it on your phone, you need to make sure that third-party apps are allowed on your device.
- To make this possible, the steps are mostly the same as below. Open Menu> Settings> Security> and check for unknown sources so that your phone can install applications from sources other than the Google Play Store.
- Once you have completed the above step, you can go to "Download" in your browser and tap the file once downloaded. An installation prompt will appear asking for permission and you can complete the installation steps.
- Once the installation is complete, you can use the application as usual.
Frequently Asked Questions
Q: How can ApkResult.com guarantee 100% security for the Chivo Wallet El Salvador App?
A: If someone wants to download an APK file from ApkResult.com, we check the relevant APK file on Google Play and allow users to download it directly (of course they are cached on our server). If the APK file does not exist in Google Play, we will find it in our cache.
Q: Can I update the Apk from the Play Store when I install APK from ApkResult.com?
A: Yes, of course. The Play Store installs downloads from Google's servers, with the exception of downloading and installing your service (page loading), and page loading from websites like ApkResult.com is the same.
An update will begin as soon as you get the version of the Play Store app in the new version of the Play Store.
Q: Why is Android App Permission needed to download Chivo Wallet El Salvador Apk?
A: Applications require access to some of your device's systems. When you install an application, you will be notified of all the permissions required to run that application.
Conclusion
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