Almost after a week of adopting Bitcoin as their currency, El Salvador’s Chivo digital wallet has hit the 500k user mark.
On September 7. they adopted Bitcoin as their currency and established a digital wallet Chivo for smooth operation. So, reaching the half-million mark is significant for the country where 70% people don’t have a bank account and depend on remittance.
As an incentive, anyone who opted for the Chivo wallet got $30 free bitcoin. The Central American nation purchased 400 bitcoins for this transition which became a success after the initial hiccups.