El Salvador Makes Alphapoint New  Operator For Chivo Wallet

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President Bukele, announced that a new company would be in charge of the Chivo app

Alphapoint Will Handle The Infrastructure For Chivo

Today, El Salvador announced its decision to appoint Alphapoint as the company in charge of Chivo. The Chivo app is the wallet created by the state for its citizens.

The duty of the tech firm to provide technology that will support the front end and back end of the app.  Before the appointment of Alphapoint, the company that provided infrastructure for the app was Athena Bitcoin. There has been no official statement from Athena Bitcoin concerning the new transition.

In discussion with Bitcoin.com, owner of Alphapoint firm, Igor Telyatnikov, applauded the efforts of President Bukele in adopting Bitcoin (BTC) throughout the country and producing a digital wallet app for the citizens.

Also, the co-founder noted that this project is the first of its kind, and no country has implemented this kind of project. Alphapoint is honored to have been chosen for such a task, stated Telyatnikov.

The Report Of The Salvadoran Government

After the authorities released the Chivo app, there were several issues reported by citizens. The wallet didn’t work as expected and had glitches, making it difficult for users to use. In September 2021, the nation’s Court of Accounts announced its plan to look into the stores constructed for Chivo.

Today, the government released a statement concerning the transfer of operation to Alphapoint. In the report, the government informed the public that American firms would provide the infrastructure for the Chivo Bitcoin app The statement also stated that Chivo is the first digital wallet created by a country worldwide.

Lastly, the report acknowledged the expertise of Alphapoint. The American company will provide financial services and Bitcoin access to citizens using Chivo wallet. Alphapoint will have to prove its strength to the people of Salvador to protect its image.

Currently, the app is used by millions of users and is the most used financial app in the country.

El Salvador, also known as a Bitcoin Maximalist, is fond of buying the dip in BTC. Last year, the country bought 100 BTC, which cost about $5.4 million. The President of El Salvador, Bukele, has spent an enormous amount of money buying BTC. In September last year, Bitcoin was confirmed as a legal tender in the country. 

The country is one of the best place to trade cryptocurrencies in the world with Bitcoin being the most popular coin.


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