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Redirected from: El Salvador wallet

Definition: Chivo wallet


The state-endorsed Bitcoin wallet for El Salvador that became available on September 7, 2021. Chivo is Salvadoran slang for "cool." The Chivo wallet app maintains both Bitcoin and USD balances, and there are no fees associated with a transaction as Bitcoin has been adopted as legal tender in the country alongside the U.S. dollar. Although Salvadorans can use other wallets, the Chivo wallet gives each citizen a $30 Bitcoin (BTC) credit that they can exchange for dollars or withdraw cash at a Chivo ATM. See Bitcoin and crypto glossary.