After El Salvador launched its state-run crypto wallet, Chivo, citizens lodged complaints about the wallet having several issues. However, the President, Nayib Bukele, put his people’s mind at rest as he stated that the issues have been resolved.
On the day of El Salvador’s implementation of the Bitcoin Law, Chivo wallet was launched on major app stores like Google Play, Huawei AppGallery and Apple App Store.
The President took to Twitter to announce that there was going to be a system maintenance to improve the user experience after numerous user reports of system downtime and download issues. He stated, “We will disconnect the system from 1am to 6am to make these adjustments. Our teams are ready. We hope tomorrow is much better.”
After the maintenance period given by the President, he later announced that all the issues related to the BTC wallet have been fixed. He tweeted, “We have finished today’s maintenance of Chivo wallet. Report any malfunction here, in the comments.”
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.”
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.
It would seem that merchants have prepared well for the adoption of Bitcoin at El Salvador as American fast-food giant, McDonald’s and American multinational coffeehouse, Starbucks are both accepting Bitcoin payments in the country, reportedly using the lightning network.
Bitcoin is trading $46,250 as of the time of this writing as the market seems to be recovering from yesterday’s meltdown.