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

El Salvador Switches Tech Providers — Chooses Alphapoint to Operate Chivo Bitcoin WalletOn February 2, 2022, the blockchain infrastructure provider Alphapoint has announced that the Salvadoran government has chosen the firm to operate the bitcoin wallet Chivo. The bitcoin wallet is the largest fintech application in the country and Alphapoint “supports the frontend and backend infrastructure that powers the wallet and integrates the entire ecosystem.” Alphapoint to […]

IMF Tells El Salvador: Costs of Making Bitcoin Legal Tender Exceed Potential Benefits

IMF Tells El Salvador: Costs of Making Bitcoin Legal Tender Exceed Potential BenefitsThe International Monetary Fund (IMF) has told El Salvador that the costs of implementing the country’s Bitcoin law, which makes the cryptocurrency legal tender, exceed the potential benefits. The IMF has also urged El Salvador to dissolve the “Fidebitcoin” trust fund and start charging fees for services provided by the government’s Chivo digital wallet. IMF’s […]

IMF Urges El Salvador to Drop Bitcoin Tender Law, Executive Board Report criticizes BTC Bonds, Chivo Wallet

IMF Urges El Salvador to Drop Bitcoin Tender Law, Executive Board Report criticizes BTC Bonds, Chivo WalletThe International Monetary Fund (IMF) has been very critical of cryptocurrencies and according to a report on Tuesday, the IMF’s board has “urged” El Salvador to discontinue its bitcoin tender status. A few members of the IMF’s board said the country’s decision to leverage bitcoin within its financial system could pose risks. IMF Report Attempts […]

From The Ground: DeLorme Tests El Salvador’s Fast Food Chains’ BTC Capabilities

Part two of thee of the From The Ground reports based on Stephen DeLorme’s phenomenal work. Here’s the first edition, but let’s recap. DeLorme is a designer who’s got a grant from Spiral BTC to work with the Bitcoin Design Community. They produced the outstanding Bitcoin Design Guide. He’s also a caring human who asked […]

From The Ground: Stephen DeLorme, A Hard-Core Bitcoiner, Talks To Salvadorans

This From The Ground report is gold. Stephen DeLorme visited El Salvador and got the information we needed. He talked to real people, experimented with different wallets, went to all kinds of commerces. His story is full of the confusion and angst that being the pioneer carries. El Salvador is going where no country has […]