The government of El Salvador has announced that American company AlphaPoint is providing technology for Chivo Wallet, the world’s first national digital wallet.
In a statement made on February 1, it was said that El Salvador will use the technology of crypto software firm AlphaPoint to solve some problems with the bitcoin wallet application Chivo.
AlphaPoint co-founder and CEO Igor Telyatnikov said in a statement that AlphaPoint signed an agreement with the government of El Salvador in December and began fixing Chivo’s problematic infrastructure for app and payment processing. also Telyatnikov explained that the complaints about the wallet occurred before AlphaPoint’s introduction.
The tech provider change reportedly came after Salvadorans said money had disappeared from their Chivo wallet.
El Salvador said in a statement that they are in the process of deploying 1,500 Bitcoin ATMs nationwide to more easily serve Salvadorans.
AlphaPoint will now provide the technology behind Chivo’s mobile app, mobile sales notes, businesses’ e-commerce sites, and call center-powered firms.
Recently, El Salvador’s Treasury Minister, Alejandro Zelaya, spoke to a local television station and reacted to the IMF’s proposal to stop accepting bitcoin as legal tender.
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