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Chivo wallet more in use than any Salvadorians bank

Cryptopolitan


TL;DR Breakdown

  • One-third of Salvador residents now use Chivo wallet.
  • More Salvadorians now using Bitcoin than Banks.

President of El Salvador, Nayib Bukele, has revealed that 2.1 million Salvadorians are actively using the state-backed Chivo wallet.

The president announced via a tweet on his verified Twitter page just three weeks after the Bitcoin law came into effect.

His tweet reveals that one-third of Salvadorians have already embraced Bitcoin in the country, according to data from the World Bank, which puts it population at 6.45 million people.