El Salvador: technical difficulties in bitcoin payments implementation
El Salvador suspended the registration of new users of the digital wallet Chivo and prohibited downloading the application on new models of smartphones. President Nayib Bukele cited a tight timeline for building infrastructure for the cryptocurrency as the reason for the problems.
We set ourselves too significant a goal - to implement everything in three months - and we made mistakes. But we are already correcting them, and hundreds of thousands of Salvadorans can use their Chivo without problems, he said
According to him, some accounts were blocked without completing the registration due to errors in the app.
Buquelet said that 95% of the technical difficulties with Chivo have been resolved, and the wallet "will start functioning 100% in the coming days."
The president also reported that:
The head of state announced the addition of a feature to top up the wallet with credit and debit cards.
He also reminded that the use of the application is voluntary.
Recall that on September 7, a law recognizing bitcoin as an official means of payment along with the U.S. dollar came into force in El Salvador.
After the bill was passed in June, the opposition called it unconstitutional. In August, rallies were held in the country against the legalization of cryptocurrency.