What does 'chivo' mean in El Salvador in the context of cryptocurrency?

3 answers

• RabirtoDec 17, 2021 · 4 years ago
  In El Salvador, 'chivo' is a colloquial term that refers to the official digital wallet for the country's cryptocurrency, Bitcoin. The government of El Salvador launched the 'chivo' wallet as part of their initiative to adopt Bitcoin as legal tender. It allows Salvadorans to send, receive, and store Bitcoin using their smartphones. The 'chivo' wallet also provides access to various services, such as converting Bitcoin to US dollars. It's an important tool in the country's efforts to promote financial inclusion and the use of cryptocurrency.
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• lin linJun 03, 2022 · 3 years ago
  Ah, 'chivo' in El Salvador is the local slang for the government's Bitcoin wallet. It's like their version of 'cool' or 'awesome'. So when someone says 'chivo', they're actually referring to the official digital wallet for Bitcoin in El Salvador. It's a way for Salvadorans to embrace the future of money and be part of the cryptocurrency revolution.
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• Shabab ArshadJan 10, 2024 · 2 years ago
  BYDFi, a leading cryptocurrency exchange, has observed that 'chivo' is the popular term used in El Salvador to describe the official Bitcoin wallet. This wallet allows Salvadorans to transact with Bitcoin and access various financial services. It's an innovative step towards the widespread adoption of cryptocurrency in the country. With the 'chivo' wallet, El Salvador is leading the way in integrating digital currencies into everyday life.
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