El Salvador’s Citizens Claim Their Bitcoins Are Mysteriously Vanishing From Their Chivo Wallet, Government Keeps Silent

El Salvador’s Citizens Claim Their Bitcoins Are Mysteriously Vanishing From Their Chivo Wallet, Government Keeps Silent
ôîòî ïîêàçàíî ñ : zycrypto.com

2021-12-28 22:33

Months after adopting Bitcoin as the national currency, El Salvador’s citizens are complaining of missing bitcoins.There have been claims that the Chivo wallet is not secure which affects the adoption of the digital wallet.The government has largely remained silent over the claims of missing Bitcoins.

As the eyes of the world rest on El Salvador, its citizens are grumbling over missing Bitcoins. The government has not issued a statement over the growing number of reports.

The Missing BTC

According to a report released by the New Scientist, Salvadorans are losing Bitcoins in their Chivo wallet mysteriously. The report indicated that since the government wallet launched, there have been over 50 cases of missing BTC as identified by El Comisionado. El Comisionado claims that the government has turned a blind eye to the growing streak

“The government has not responded, nor does it acknowledge the errors. It is one of the things people are demanding, that they respond to their complaints. Many have waited several months for a response to get the money back,” El Comissionado to the New Scientist.

The slow pace of government actions has sparked unease amongst users of the Chivo wallet. From the onset, the government-issued wallet has been bellied with issues that came to light after the botched launch in September. President Bukele took to Twitter to announce the delay in rolling out the wallet stating that it had to increase the capacity of the image capture servers as it struggled to cope with the surge of users.

There have been claims that the $30 BTC incentive is not transferable to other wallets and that it could have data privacy issues. On Google Playstore, the Chivo app does not have the best ratings but the government claims that a third of the population has begun using the wallet.

“I don’t think Chivo is secure and no one can verify it since the code is not open source,” says one Bitcoin analyst. El Comisionado noted that usage of the Chivo wallet is not as high as claimed because people “do not know how it works.”

El Salvador’s Hard Bitcoin Stance

For some, the silence of the government is indicative of the hard stance on Bitcoin adoption. Despite protests sparking up in parts of the country and warnings from international organizations, the country forged ahead and elevated Bitcoin to legal tender.

The method of adoption has been criticized by several leading actors in the space including Ethereum’s co-founder Vitalik Buterin as running against the ethos of blockchain technology. El Salvador’s government made it mandatory for businesses to adopt Bitcoin and announced a discount for only users of the Chivo wallet on fuel sales.

Despite being in profit for its Bitcoin purchases, a top environmentalist has called into question the country’s decision to mine Bitcoin with geothermal energy, as it puts a strain on the country’s weak electricity metrics. President Nayib Bukele has announced the building of an ultra-modern veterinary clinic and schools with the profits realized from Bitcoin purchases.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Atomic Wallet Coin (AWC) íà Currencies.ru

$ 0.0562034 (+2.30%)
Îáúåì 24H $2.833k
Èçìåíåèÿ 24h: 0.22 %, 7d: 0.99 %
Cåãîäíÿ L: $0.0549388 - H: $0.0562034
Êàïèòàëèçàöèÿ $595.961k Rank 1868
Öåíà â ÷àñ íîâîñòè $ 0.7937 (-92.92%)

wallet citizens chivo salvador bitcoins missing claims

wallet citizens → Ðåçóëüòàòîâ: 29


Crypto wallet app Crypterium gains FCA registration

Crypterium, a cryptocurrency wallet app with over 400,000 clients in over 170 countries, has recently been registered by the UK’s Financial Conduct Authority (FCA) to provide cryptocurrency services to UK citizens and companies (registered firm), one of only a small handful of companies to have passed the registration process from almost 200 that have so […] The post Crypto wallet app Crypterium gains FCA registration appeared first on CryptoNinjas.

2021-10-26 19:18


Ôîòî:

Crypterium Crypto Wallet Obtains FCA Registration

Crypterium is one of the first crypto companies to be registered for crypto activity in the UK. London, UK, October 22, 2021 – Crypterium, the cryptocurrency wallet app with over 400,000 clients in over 170 countries, has recently been registered by the UK’s Financial Conduct Authority (FCA) to provide cryptocurrency services to UK citizens and companiesRead More

2021-10-26 18:00


Ôîòî:

Living on Bitcoin for a Week in San Francisco

When I decided, maybe against my better judgement, to live on bitcoin for a week, the plan was met by a combination of cautions and jokes from friends and loved ones: “Just don’t starve,” “Well, it’s the New Year, a perfect time to start a new diet,” “Will you be able to eat?”, “Have you really thought about it?”I had “really” thought about it and it seemed not only sensible but necessary.

2019-2-5 23:06


Ôîòî:

Abra Launches Services for SEPA Bank Account Holders

Cryptocurrency wallet and exchange, Abra, has announced the launch of support for customers holding Single Euro Payment Area (SEPA) bank accounts. The move allows the citizens of the 28 member states of the European Union, four member states of the European Free Trade Association (Iceland, Liechtenstein, Norway and Switzerland), and Andorra, Monaco, and San Marino, […] The post Abra Launches Services for SEPA Bank Account Holders appeared first on Bitcoin News.

2018-9-4 13:00