The government’s new “Chivo” Bitcoin wallet will be interoperable and commission-free.
The latest announcement from El Salvador’s pro-Bitcoin president, Nayib Bukele, has clarified that citizens will not be forced to use the government-issued “Chivo” Bitcoin wallet.
In a tweet on June 29, El Salvador’s President Bukele stated he wanted to clear up any misinformation regarding the government’s wallet application following the passing of the country’s Bitcoin law on June 9, which will take effect on September 7.
The new Bitcoin wallet is called Chivo and it can hold both Bitcoin and U.S. dollars. Bukele stated it is just one of many crypto wallets that can be used, emphasizing its interoperability with other wallet apps.