El Salvador Switches Tech Providers — Chooses Alphapoint to Operate Chivo Bitcoin Wallet

On February 2, 2022, the blockchain infrastructure supplier Alphapoint has announced that the Salvadoran authorities has chosen the steadfast to run the bitcoin wallet Chivo. The bitcoin wallet is the largest fintech exertion successful the state and Alphapoint “supports the frontend and backend infrastructure that powers the wallet and integrates the full ecosystem.”

Alphapoint to Support Chivo Wallet’s Frontend and Backend Infrastructure

The Central American federation of El Salvador has announced it has appointed Alphapoint to grip the country’s bitcoin wallet, Chivo, by allowing it to enactment its frontend and backend technology. Prior to Alphapoint, the Chivo wallet’s infrastructure was provided by the crypto institution Athena Bitcoin. On Wednesday, Alphapoint revealed the Salvadoran authorities had chosen the steadfast to assistance El Salvador “offer fiscal services and entree to Bitcoin for millions of Salvadorans actively utilizing the wallet.”

“El Salvador and President Bukele are genuinely starring globally with this archetypal large experimentation successful bitcoin adoption astatine a country-wide level,” Igor Telyatnikov, the co-founder and CEO of Alphapoint said successful a connection sent to Bitcoin.com News. Telyatnikov added:

No 1 other has attempted to execute a task of this size. We astatine AlphaPoint are honored to beryllium progressive successful the process and supply the scalable and reliable solutions needed for this monolithic undertaking. The Chivo exertion is presently supporting millions of Salvadorans, galore for their archetypal clip accessing fiscal services.

Salvadoran Government Issues Statement About Chivo Wallet’s Transition

The Salvadoran government’s Chivo wallet has experienced hiccups erstwhile it launched and a significant amount of complaints. In mid-September 2021, the Salvadoran Court of Accounts said it planned to analyse Chivo’s kiosk construction. In summation to Alphapoint’s announcement connected Wednesday, the Salvadoran authorities issued a statement astir the transition.

“The Government of President Nayib Bukele informs that the American institution Alphapoint is providing exertion for Chivo Wallet, the archetypal nationalist integer wallet successful the world,” the connection from Bukele’s authorities explains. “Alphapoint, which provides fiscal exertion to institutions globally, is adding its expertise to connection fiscal services and entree to bitcoin for millions of Salvadorans who are actively utilizing the Chivo wallet.”

What bash you deliberation astir the Salvadoran authorities choosing Alphapoint to tally Chivo wallet’s underlying tech? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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