President Nayib Bukele says that El Salvador’s Chivo cryptocurrency wallet will soon be fully operational.
The news comes in the wake of technical difficulties since El Salvador became the world’s first country to adopt Bitcoin (BTC) as legal tender on September 7th, promising its citizens $30 worth of Bitcoin with the optional use of the BitGo-created wallet.
In a series of tweets, Bukele discussed the challenges and road map ahead.
“The technical errors… are 95% corrected. In the next few days it will be working 100%.
We set ourselves too high a challenge [trying to] launch everything in three months and we made mistakes, but we are already correcting them…”
Bukele notes that many businesses and ATMs can accept Bitcoin, and “hundreds of thousands of Salvadorans” are currently able to use the Chivo wallet without issue.
The wallet has been taken offline for maintenance during low-traffic hours in recent days and new registration is currently disabled.
President Bukele added that beyond the technical glitches, programmers will also seek to improve Chivo’s ease of use.
“We are working to make the user experience better and better. Soon everyone who wants it will… enjoy its benefits.”