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.