Cryptocurrency

El Salvador’s Official Crypto Wallet Chivo Processed $52 Million in Remittances So Far in 2022

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El Salvador’s Official Crypto Wallet Chivo Processed $52 Million in Remittances So Far in 2022

So far in 2022, El Salvador’s official Bitcoin wallet, called Chivo processed $52 million (roughly Rs. 410 crore) in these remittances. In the first five months of this year, the remittance deposit on Chivo rose by 3.9 percent, amounting to $118 million (roughly Rs. 933 crore). Chivo does not deduct any commission on facilitating transactions from BTC to US dollars.

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