Just a week after the adoption of Bitcoin (BTC) come legal tender in El Salvador, President Nayib Bukele admitted that launching the state-owned Bitcoin wallet was too much of a challenge.
Chivo, the country’s official Bitcoin wallet, has temporarily disabled new registrations and stopped downloading the app for new smartphone models due to several issues. declared Bukele on Twitter Monday.
“The functions will be enabled when the application has no more errors”, stressed the president, adding that the Chivo team plans to restore the recordings and downloads in another couple of days.
“The technical errors of the Chivo wallet have been corrected to 95%. It will work 100% in the next few days “, he reiterates Bukele. He also highlighted that Salvador’s 200 Bitcoin ATMs currently “work perfectly”, as well as the 50 ATMs Chivo supported in the United States.
Bukele went on to say that the imperfect launch of the Chivo wallet is due to an early launch, concluding:
“Launching everything in three months was too big a challenge and we made mistakes, but we are already solving them and hundreds of thousands of Salvadorans can already use Chivo without problems”.
According to the president, since the launch of the app last Tuesday, the Chivo wallet has amassed a total of half a million users.
Related: El Salvador: Tax-Exempt Bitcoin Investors
As previously reported, El Salvador has launched the official Bitcoin wallet in collaboration with theexchange crypto messicano Bitso, claiming to be the “primary crypto service provider” for Chivo. The wallet subsequently faced major issues on launch day, going offline for maintenance due to capacity errors. Despite the quick efforts of Chivo to solve problems, many users have apparently continued to encounter problems with transactions or withdrawal from Chivo, with some users who have affirmed that the functionality of the app was “close to zero”.
Santiago Alvarado, Bitso’s director of cross-border payments, declined to comment on the functionality of the Chivo wallet to Cointelegraph, stating that the exchange “is not involved in the front-end development of the Chivo wallet”.
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