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El Salvador Aims to Accelerate Bitcoin Acquisition Pace, Official Bitcoin Wallet Chivo to Be Sold or Discontinued

2024-12-19 22:59

BlockBeats News, December 19th, the Director of El Salvador's Bitcoin Office stated that after reaching an agreement with the International Monetary Fund, the official Bitcoin wallet Chivo will be sold or discontinued. He also mentioned that Bitcoin will continue to serve as El Salvador's legal tender and may be used to acquire strategic reserves at a faster pace.


Prior to this, El Salvador reached a $1.4 billion loan agreement with the IMF, and Bitcoin payments will transition to voluntary. (Golden Finance)

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