El Salvador’s President Bukele announced that a third of the country’s citizens are actively using Chivo wallets weeks after the country became the first country to adopt BTC as legal tender. Today we read more about it in our Bitcoin News.

Bukele, president of the Salvadoran Community, stated that a third of its population use the government-sponsored Chivo wallet and even gave a glimpse into the success of the country’s BTC trip. The controversial president updated his 2.9 million Twitter followers over the weekend and announced that after three weeks of operation, the Chivo wallet now has more users than any bank in El Salvador. Bukele Ven points out that it is only a matter of time before the introduction of wallets dwarfs all banks in the country put together.

2.1 million Salvadorans are active @chivowallet (do not download).

Chivo is not a bank but in less than 3 weeks it now has more users than any other bank in El Salvador and is moving fast to have more users than ALL BANKS IN EL SALVADOR total.

It’s wild!#Bitcoin????????

– Nayib Bukele (@nayibbukele) September 25, 2021

The government-issued Chivo wallet was launched in September when El Salvador recognized BTC as legal tender, a notable move that could provide an important case study for other countries in the region. Chivo enables businesses and individuals to send and receive payments in BTC or dollars from anywhere in the world. The wallet is available on both Apple and Android devices, so the Mexican cryptocurrency exchange Bitso has signed up as a core service provider for Chivo.

From President Bukele last update shows the BTC law is gaining support across the country as hundreds of anti-government protesters have taken to the streets to protest the law.

Most of the protests culminated in the burning of a crypto kiosk in the country’s capital. Chivo‘s mass adoption is due to the government providing $ 30 worth of BTC to each Salvadoran account holder. According to a recent survey by the Sao Paolo-based company Sherlock Communications, more than half of Salvadorans know almost nothing about BTC. Meanwhile, the Bukele government has deposited its accounts in BTC after a series of volatile digital asset price movements. El Salvador fell in price due to two recent price drops in September and now has nearly 700 BTC in holdings.

As recently reported, El Salvador was the first country to legally adopt Bitcoin and now owns 700 coins after the new purchase updated the country’s president and became “buy” at a time when the BTC price hit $ 45,000 fell. Naybik Bukele, President of El Salvador, shared on Twitter that the country has fallen in price as a new 150 BTC accumulated.

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