{"id":286337,"date":"2021-06-29T09:07:53","date_gmt":"2021-06-29T06:07:53","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/salvadorans-will-not-be-forced-to-use-the-governments-bitcoin-wallet\/"},"modified":"2021-06-29T09:07:53","modified_gmt":"2021-06-29T06:07:53","slug":"salvadorans-will-not-be-forced-to-use-the-governments-bitcoin-wallet","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/salvadorans-will-not-be-forced-to-use-the-governments-bitcoin-wallet\/","title":{"rendered":"# Salvadorans will not be forced to use the government&#8217;s Bitcoin wallet"},"content":{"rendered":"<p>&#8220;<strong># Salvadorans will not be forced to use the government&#8217;s Bitcoin wallet <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDYvZTBiNjZkZTgtMWJlZi00NjlhLWIyODAtMjgxMGU5YzZlYmZmLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>The latest announcement from El Salvador&#8217;s pro-Bitcoin president, Nayib Bukele, has clarified that citizens will not be forced to use the government-issued \u201cChivo\u201d Bitcoin wallet.<\/p>\n<p>In a tweet on June 29, El Salvador\u2019s President Bukele stated he wanted to clear up any misinformation regarding the government\u2019s wallet <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lication following the passing of the country\u2019s Bitcoin law\u00a0on June 9, which will take effect on September 7.<\/p>\n<p>The new Bitcoin wallet is called Chivo, which is slang for \u201ccool\u201d in El Salvador, and it can hold both Bitcoin and U.S. dollars. Bukele stated it is just one of many crypto wallets that can be used, emphasizing its interoperability with other wallet apps.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"es\" dir=\"ltr\">Aclarando la desinformaci\u00f3n que est\u00e1n tratando de esparcir acerca de la <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/LeyBitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#LeyBitcoin<\/a>:<\/p>\n<p>1. La wallet del Gobierno solo es una de tantas wallets que se pueden usar. <\/p>\n<p>2. La <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/chivowallet?ref_src=twsrc%5Etfw\">@chivowallet<\/a> ser\u00e1 totalmente compatible con otras wallets.<\/p>\n<p>Sigue&#8230;<\/p>\n<p>\u2014 Nayib Bukele  (@nayibbukele) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/nayibbukele\/status\/1409584377915269120?ref_src=twsrc%5Etfw\">June 28, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>To allay privacy concerns, he added that the personal information requested by the wallet is already possessed by the government, emphasizing any requests for personal data within the app are for security purposes.<\/p>\n<p>Bukele also highlighted that the Chivo wallet will not incur fees or commissions for transfers, noting that, unlike traditional crypto exchanges, it will not take a cut for converting BTC to USD and vice versa, and unlike credit cards, there will be no commissions charged to merchants or users.<\/p>\n<p>Bukele stated that any money that is held or received in USD or BTC in the Chivo wallet will be able to be withdrawn into USD cash at any time at once the government has completed its roll-out of 200 new physical Bitcoin ATM branches, dubbed \u201cChivo Points\u201d or \u201cChivo ATMs.\u201d<\/p>\n<p><em>Related:<\/em><em> <\/em><em>Athena confirms plans to bring 1500 Bitcoin ATMs to El Salvador<\/em><\/p>\n<p>The president also clarified that the $30 government BTC handout announced on June 25 would not be convertible into USD, emphasizing the administration\u2019s intention to encourage the use of Bitcoin and the Chivo wallet.<\/p>\n<p>The new digital wallet initiative could revolutionize monetary policy in the Central American nation. Roughly 70% of the population in El Salvador does not have access to bank accounts or any financial services, according to a Nasdaq<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.nasdaq.com\/articles\/how-el-salvadors-new-crypto-wallet-could-transform-monetary-policy-2021-06-28\"> report<\/a>.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/salvadorans-will-not-be-forced-to-use-the-government-s-bitcoin-wallet\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Salvadorans will not be forced to use the government&#8217;s Bitcoin wallet &#8221; The latest announcement from El Salvador&#8217;s pro-Bitcoin president, Nayib Bukele, has clarified that citizens will not be forced to use the government-issued \u201cChivo\u201d Bitcoin wallet. In a tweet on June 29, El Salvador\u2019s President Bukele stated he wanted to clear up any&#8230;<\/p>\n","protected":false},"author":1,"featured_media":286338,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDYvZTBiNjZkZTgtMWJlZi00NjlhLWIyODAtMjgxMGU5YzZlYmZmLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,75819,90059],"class_list":["post-286337","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-wallet","tag-el-salvador"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/286337","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=286337"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/286337\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/286338"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=286337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=286337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=286337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}