{"id":3728,"date":"2021-12-23T17:21:08","date_gmt":"2021-12-23T17:21:08","guid":{"rendered":"http:\/\/leadingcryptonews.com\/el-salvadors-chivo-bitcoin-wallet-crosses-500000-users\/"},"modified":"2021-12-23T17:21:08","modified_gmt":"2021-12-23T17:21:08","slug":"el-salvadors-chivo-bitcoin-wallet-crosses-500000-users","status":"publish","type":"post","link":"https:\/\/leadingcryptonews.com\/el-salvadors-chivo-bitcoin-wallet-crosses-500000-users\/","title":{"rendered":"El Salvador\u2019s Chivo Bitcoin Wallet Crosses 500,000 Users"},"content":{"rendered":"<p> <br \/>\n<br \/><noscript><img decoding=\"async\" class=\"lazyload\" src=\"https:\/\/s32659.pcdn.co\/wp-content\/uploads\/2021\/09\/BIC_El_Salvador_Chivo_wallet_users.jpg\" \/><\/noscript><\/p>\n<div>\n<p>El Salvador\u2019s Chivo bitcoin wallet has already crossed 500,000 users, as revealed by local news reports.<\/p>\n<p>El Salvador\u2019s digital bitcoin wallet Chivo has already hit half a million users, according to reports from local media. The country introduced the wallet on Sept 7.<\/p>\n<p>Users receive $30 in bitcoin when they download the wallet for the first time as an incentive. As of Sept 7, the country had purchased 400 bitcoins for its coffers  \u2014 which by all accounts is ambivalent in terms of its success.<\/p>\n<p>El Salvador\u2019s bitcoin integration is off to a somewhat rocky start, as there have been several protests against its adoption. Protests have come from both opposition forces and citizens \u2014 with the latter marching in the streets and even filing a lawsuit.<\/p>\n<p>The country has used a number of measures to incentivize people to use bitcoin. Foreigners, for example, are exempt from paying capital gains tax on their bitcoin profits. In addition, they receive permanent residency if they decide to move and have an entrepreneurial venture.<\/p>\n<figure class=\"wp-block-video\">https:\/\/s32659.pcdn.co\/wp-content\/uploads\/2021\/09\/El-Salvador.mp4<figcaption>Source: \/u\/kiarga<\/figcaption><\/figure>\n<p>Some El Salvadorians have taken to Reddit to talk about the general sentiment surrounding bitcoin. The country celebrated its Independence Day on Sep. 15, and many protested against the current government in the streets. News broke that vandals destroyed bitcoin ATMs in the country, which is further evidence of displeasure with the new law.<\/p>\n<p>One Redditor spoke about bitcoin further cementing existing inequalities \u2014 a concern that was one of the major issues citizens have with the government. They also note that the bitcoins in the Chivo wallet could be seized by the government.<\/p>\n<p>One thing that cannot be denied is the fact that BTC payments do indeed reduce costs for cross-border payments. Other countries in the region are keeping a close eye on the development, which is the first of its kind.<\/p>\n<h2 id=\"h-will-more-countries-follow\">Will more countries follow?<\/h2>\n<p>It\u2019s unlikely that a large swathe of countries will follow El Salvador\u2019s lead. Most governments are determined to release their own central bank digital currency (CBDC). Those that have accepted cryptocurrencies as an asset class have done so begrudgingly and are laboring to form a regulatory framework.<\/p>\n<p>The idea of making bitcoin legal tender has been rebutted by China, India, and Russia. With important economies dismissing the asset as having such an important role in the economy, most other countries will likely take the same position.<\/p>\n<p>Having said that, the El Salvador bitcoin experiment could turn up some surprising results. If bitcoin does indeed become the medium for cross-border transactions, then this could encourage more countries to do the same.<\/p>\n<p><h3>Disclaimer<\/h3>\n<p>&#13;<br \/>\nAll the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/beincrypto.com\/el-salvadors-chivo-bitcoin-wallet-users\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>El Salvador\u2019s Chivo bitcoin wallet has already crossed 500,000 users, as revealed by local news reports. El Salvador\u2019s digital bitcoin wallet Chivo has already hit half a million users, according to reports from local media. The country introduced the wallet on Sept 7. Users receive $30 in bitcoin when they download the wallet for the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3729,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41],"tags":[],"class_list":["post-3728","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.6 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>El Salvador\u2019s Chivo Bitcoin Wallet Crosses 500,000 Users - Leading Crypto News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadingcryptonews.com\/el-salvadors-chivo-bitcoin-wallet-crosses-500000-users\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"El Salvador\u2019s Chivo Bitcoin Wallet Crosses 500,000 Users\" \/>\n<meta property=\"og:description\" content=\"El Salvador\u2019s Chivo bitcoin wallet has already crossed 500,000 users, as revealed by local news reports. El Salvador\u2019s digital bitcoin wallet Chivo has already hit half a million users, according to reports from local media. The country introduced the wallet on Sept 7. Users receive $30 in bitcoin when they download the wallet for the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leadingcryptonews.com\/el-salvadors-chivo-bitcoin-wallet-crosses-500000-users\/\" \/>\n<meta property=\"og:site_name\" content=\"Leading Crypto News\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-23T17:21:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/leadingcryptonews.com\/wp-content\/uploads\/2021\/12\/El-Salvadors-Chivo-Bitcoin-Wallet-Crosses-500000-Users.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"LCN-Admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"LCN-Admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/leadingcryptonews.com\/el-salvadors-chivo-bitcoin-wallet-crosses-500000-users\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/leadingcryptonews.com\/el-salvadors-chivo-bitcoin-wallet-crosses-500000-users\/\"},\"author\":{\"name\":\"LCN-Admin\",\"@id\":\"https:\/\/leadingcryptonews.com\/#\/schema\/person\/a303f33566761f963a7c3c0cde394e30\"},\"headline\":\"El Salvador\u2019s Chivo Bitcoin Wallet Crosses 500,000 Users\",\"datePublished\":\"2021-12-23T17:21:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/leadingcryptonews.com\/el-salvadors-chivo-bitcoin-wallet-crosses-500000-users\/\"},\"wordCount\":484,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/leadingcryptonews.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/leadingcryptonews.com\/el-salvadors-chivo-bitcoin-wallet-crosses-500000-users\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/leadingcryptonews.com\/wp-content\/uploads\/2021\/12\/El-Salvadors-Chivo-Bitcoin-Wallet-Crosses-500000-Users.jpg\",\"articleSection\":[\"Politics\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/leadingcryptonews.com\/el-salvadors-chivo-bitcoin-wallet-crosses-500000-users\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/leadingcryptonews.com\/el-salvadors-chivo-bitcoin-wallet-crosses-500000-users\/\",\"url\":\"https:\/\/leadingcryptonews.com\/el-salvadors-chivo-bitcoin-wallet-crosses-500000-users\/\",\"name\":\"El Salvador\u2019s Chivo Bitcoin Wallet Crosses 500,000 Users - Leading Crypto News\",\"isPartOf\":{\"@id\":\"https:\/\/leadingcryptonews.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/leadingcryptonews.com\/el-salvadors-chivo-bitcoin-wallet-crosses-500000-users\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/leadingcryptonews.com\/el-salvadors-chivo-bitcoin-wallet-crosses-500000-users\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/leadingcryptonews.com\/wp-content\/uploads\/2021\/12\/El-Salvadors-Chivo-Bitcoin-Wallet-Crosses-500000-Users.jpg\",\"datePublished\":\"2021-12-23T17:21:08+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/leadingcryptonews.com\/el-salvadors-chivo-bitcoin-wallet-crosses-500000-users\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/leadingcryptonews.com\/el-salvadors-chivo-bitcoin-wallet-crosses-500000-users\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/leadingcryptonews.com\/el-salvadors-chivo-bitcoin-wallet-crosses-500000-users\/#primaryimage\",\"url\":\"https:\/\/leadingcryptonews.com\/wp-content\/uploads\/2021\/12\/El-Salvadors-Chivo-Bitcoin-Wallet-Crosses-500000-Users.jpg\",\"contentUrl\":\"https:\/\/leadingcryptonews.com\/wp-content\/uploads\/2021\/12\/El-Salvadors-Chivo-Bitcoin-Wallet-Crosses-500000-Users.jpg\",\"width\":1200,\"height\":720,\"caption\":\"El Salvador\u2019s Chivo Bitcoin Wallet Crosses 500,000 Users\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/leadingcryptonews.com\/el-salvadors-chivo-bitcoin-wallet-crosses-500000-users\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/leadingcryptonews.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"El Salvador\u2019s Chivo Bitcoin Wallet Crosses 500,000 Users\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/leadingcryptonews.com\/#website\",\"url\":\"https:\/\/leadingcryptonews.com\/\",\"name\":\"DarkCrypto\",\"description\":\"Latest Bitcoin &amp; Cryptocurrency News\",\"publisher\":{\"@id\":\"https:\/\/leadingcryptonews.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/leadingcryptonews.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/leadingcryptonews.com\/#organization\",\"name\":\"DarkCrypto\",\"url\":\"https:\/\/leadingcryptonews.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/leadingcryptonews.com\/#\/schema\/logo\/image\/\",\"url\":\"http:\/\/leadingcryptonews.com\/wp-content\/uploads\/2023\/04\/LCN-logo.jpg\",\"contentUrl\":\"http:\/\/leadingcryptonews.com\/wp-content\/uploads\/2023\/04\/LCN-logo.jpg\",\"width\":150,\"height\":104,\"caption\":\"DarkCrypto\"},\"image\":{\"@id\":\"https:\/\/leadingcryptonews.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/leadingcryptonews.com\/#\/schema\/person\/a303f33566761f963a7c3c0cde394e30\",\"name\":\"LCN-Admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/leadingcryptonews.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/592ae1895b571f9e6fbcd5e4b13b7a8e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/592ae1895b571f9e6fbcd5e4b13b7a8e?s=96&d=mm&r=g\",\"caption\":\"LCN-Admin\"},\"sameAs\":[\"http:\/\/leadingcryptonews.com\"]}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"El Salvador\u2019s Chivo Bitcoin Wallet Crosses 500,000 Users - Leading Crypto News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/leadingcryptonews.com\/el-salvadors-chivo-bitcoin-wallet-crosses-500000-users\/","og_locale":"en_US","og_type":"article","og_title":"El Salvador\u2019s Chivo Bitcoin Wallet Crosses 500,000 Users","og_description":"El Salvador\u2019s Chivo bitcoin wallet has already crossed 500,000 users, as revealed by local news reports. El Salvador\u2019s digital bitcoin wallet Chivo has already hit half a million users, according to reports from local media. The country introduced the wallet on Sept 7. Users receive $30 in bitcoin when they download the wallet for the [&hellip;]","og_url":"https:\/\/leadingcryptonews.com\/el-salvadors-chivo-bitcoin-wallet-crosses-500000-users\/","og_site_name":"Leading Crypto News","article_published_time":"2021-12-23T17:21:08+00:00","og_image":[{"width":1200,"height":720,"url":"https:\/\/leadingcryptonews.com\/wp-content\/uploads\/2021\/12\/El-Salvadors-Chivo-Bitcoin-Wallet-Crosses-500000-Users.jpg","type":"image\/jpeg"}],"author":"LCN-Admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"LCN-Admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/leadingcryptonews.com\/el-salvadors-chivo-bitcoin-wallet-crosses-500000-users\/#article","isPartOf":{"@id":"https:\/\/leadingcryptonews.com\/el-salvadors-chivo-bitcoin-wallet-crosses-500000-users\/"},"author":{"name":"LCN-Admin","@id":"https:\/\/leadingcryptonews.com\/#\/schema\/person\/a303f33566761f963a7c3c0cde394e30"},"headline":"El Salvador\u2019s Chivo Bitcoin Wallet Crosses 500,000 Users","datePublished":"2021-12-23T17:21:08+00:00","mainEntityOfPage":{"@id":"https:\/\/leadingcryptonews.com\/el-salvadors-chivo-bitcoin-wallet-crosses-500000-users\/"},"wordCount":484,"commentCount":0,"publisher":{"@id":"https:\/\/leadingcryptonews.com\/#organization"},"image":{"@id":"https:\/\/leadingcryptonews.com\/el-salvadors-chivo-bitcoin-wallet-crosses-500000-users\/#primaryimage"},"thumbnailUrl":"https:\/\/leadingcryptonews.com\/wp-content\/uploads\/2021\/12\/El-Salvadors-Chivo-Bitcoin-Wallet-Crosses-500000-Users.jpg","articleSection":["Politics"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/leadingcryptonews.com\/el-salvadors-chivo-bitcoin-wallet-crosses-500000-users\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/leadingcryptonews.com\/el-salvadors-chivo-bitcoin-wallet-crosses-500000-users\/","url":"https:\/\/leadingcryptonews.com\/el-salvadors-chivo-bitcoin-wallet-crosses-500000-users\/","name":"El Salvador\u2019s Chivo Bitcoin Wallet Crosses 500,000 Users - Leading Crypto News","isPartOf":{"@id":"https:\/\/leadingcryptonews.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/leadingcryptonews.com\/el-salvadors-chivo-bitcoin-wallet-crosses-500000-users\/#primaryimage"},"image":{"@id":"https:\/\/leadingcryptonews.com\/el-salvadors-chivo-bitcoin-wallet-crosses-500000-users\/#primaryimage"},"thumbnailUrl":"https:\/\/leadingcryptonews.com\/wp-content\/uploads\/2021\/12\/El-Salvadors-Chivo-Bitcoin-Wallet-Crosses-500000-Users.jpg","datePublished":"2021-12-23T17:21:08+00:00","breadcrumb":{"@id":"https:\/\/leadingcryptonews.com\/el-salvadors-chivo-bitcoin-wallet-crosses-500000-users\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/leadingcryptonews.com\/el-salvadors-chivo-bitcoin-wallet-crosses-500000-users\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/leadingcryptonews.com\/el-salvadors-chivo-bitcoin-wallet-crosses-500000-users\/#primaryimage","url":"https:\/\/leadingcryptonews.com\/wp-content\/uploads\/2021\/12\/El-Salvadors-Chivo-Bitcoin-Wallet-Crosses-500000-Users.jpg","contentUrl":"https:\/\/leadingcryptonews.com\/wp-content\/uploads\/2021\/12\/El-Salvadors-Chivo-Bitcoin-Wallet-Crosses-500000-Users.jpg","width":1200,"height":720,"caption":"El Salvador\u2019s Chivo Bitcoin Wallet Crosses 500,000 Users"},{"@type":"BreadcrumbList","@id":"https:\/\/leadingcryptonews.com\/el-salvadors-chivo-bitcoin-wallet-crosses-500000-users\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/leadingcryptonews.com\/"},{"@type":"ListItem","position":2,"name":"El Salvador\u2019s Chivo Bitcoin Wallet Crosses 500,000 Users"}]},{"@type":"WebSite","@id":"https:\/\/leadingcryptonews.com\/#website","url":"https:\/\/leadingcryptonews.com\/","name":"DarkCrypto","description":"Latest Bitcoin &amp; Cryptocurrency News","publisher":{"@id":"https:\/\/leadingcryptonews.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/leadingcryptonews.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/leadingcryptonews.com\/#organization","name":"DarkCrypto","url":"https:\/\/leadingcryptonews.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/leadingcryptonews.com\/#\/schema\/logo\/image\/","url":"http:\/\/leadingcryptonews.com\/wp-content\/uploads\/2023\/04\/LCN-logo.jpg","contentUrl":"http:\/\/leadingcryptonews.com\/wp-content\/uploads\/2023\/04\/LCN-logo.jpg","width":150,"height":104,"caption":"DarkCrypto"},"image":{"@id":"https:\/\/leadingcryptonews.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/leadingcryptonews.com\/#\/schema\/person\/a303f33566761f963a7c3c0cde394e30","name":"LCN-Admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/leadingcryptonews.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/592ae1895b571f9e6fbcd5e4b13b7a8e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/592ae1895b571f9e6fbcd5e4b13b7a8e?s=96&d=mm&r=g","caption":"LCN-Admin"},"sameAs":["http:\/\/leadingcryptonews.com"]}]}},"_links":{"self":[{"href":"https:\/\/leadingcryptonews.com\/wp-json\/wp\/v2\/posts\/3728","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/leadingcryptonews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/leadingcryptonews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/leadingcryptonews.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/leadingcryptonews.com\/wp-json\/wp\/v2\/comments?post=3728"}],"version-history":[{"count":0,"href":"https:\/\/leadingcryptonews.com\/wp-json\/wp\/v2\/posts\/3728\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/leadingcryptonews.com\/wp-json\/wp\/v2\/media\/3729"}],"wp:attachment":[{"href":"https:\/\/leadingcryptonews.com\/wp-json\/wp\/v2\/media?parent=3728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/leadingcryptonews.com\/wp-json\/wp\/v2\/categories?post=3728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/leadingcryptonews.com\/wp-json\/wp\/v2\/tags?post=3728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}