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Bitcoin rollout marred technical glitches wallets

Salvador bitcoin technical digital wallets

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Of those who did use the government's crypto wallet, some had technical problems with the app. Other Salvadorans reported cases of identity theft, in which hackers used their national ID number to open a chivo e-wallet, in order to claim the free $30 worth of bitcoin offered by the government as an incentive to join. Bitcoin rollout marred technical glitches wallets “The 6 percent interest is a rip-off,” said Tatiana Marroquín, a Salvadoran economist and outspoken critic of the Bitcoin law. She argued that the bond would appeal primarily to rich Bitcoin investors who were more interested in the bragging rights of owning the first sovereign Bitcoin bond than its financial performance. “It’s being sold to a cluster of people as a souvenir,” she said.
Bitcoin rollout marred technical glitches

Three face-to-face public opinion surveys performed recently showed that most Salvadorans did not agree with the government's decision to make bitcoin legal currency. Bukele became a world crypto star Denis Rivera arrived with a friend because they had been trying to download the digital wallet app without success.

Salvador bitcoin technical digital wallets

The rollout included success stories and tech hang-ups

“I don’t see adoption as low. I see a country where everybody has a Bitcoin wallet and everybody knows what Bitcoin is,” Simon Dixon, founder of crypto financial startup Bank to the Future, said during an August visit to El Salvador in which he met Bukele. Bank to the Future is currently hiring people in El Salvador and planning to open an office there, he said. “This is the first time I’ve ever met a government that has a president who has assembled a team that really operates with the urgency and impact of a fast growing company.” Get your daily recap of Bitcoin, DeFi, NFT and Web3 news from CryptoSlate While optimistic about Bitcoin’s potential, Rettig emphasized more work is needed to build trust. “To convince people to trust it and use it, again, a lot of work needs to be done there,” he said. Rettig remains hopeful El Salvador’s Bitcoin experiment will ultimately empower people through financial inclusion.
Salvador bitcoin technical wallets

In his social networks, he shares memes and responds to his critics with messages worthy of trolls for questioning the application that allows you to withdraw dollars at 200 ATMs (‘Chivo points’) and obtain a bonus of $ 30 in bitcoin to those who download it. Here is one of the memes shared by the president of El Salvador on his official Twitter account: Cryptocurrency David and Sheila Brown, who had been married for 52 years, are killed in Saratoga, Calif., after their Tesla veers off a highway. Court documents show that Autopilot was active at the time of the crash.