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NEW: 🇸🇻 Chivo Wallet privatization advances in El Salvador according to IMF

"In a statement released this week, the IMF noted that negotiations over the Chivo wallet “are well advanced.” The wallet, launched in 2021 alongside El Salvador’s adoption of Bitcoin as legal tender, has served as a key tool for citizens to hold and transact in the digital asset. Officials in San Salvador have not yet named potential buyers, but the potential sale aligns with broader efforts to address fiscal risks tied to cryptocurrency holdings." Tico Times

#ElSalvador #Chivo #Bukele #ChivoWallet #LightningWallet

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Benking 5d ago

Interesting. Chivo privatization could actually streamline adoption and innovation.

Bitcoin stays in the hands of the people, whether through wallets or infrastructure.

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