In September 2021 El Salvador become the first country to adopt Bitcoin as legal tender. President Nayib Bukele also spent over $420 million dollars of public money to buy Bitcoin as an investment, and build the necessary infrastructure for the Chivo Wallet, a state custodial wallet. Since then, Bitcoin adoption has been negligible,…

Eleven months after the Bitcoin Law went into effect, El Salvador has received only 118.6 million dollars through cryptocurrency wallets. Traditional methods to send remittances accumulated over $7.031 billion dollars. It is a huge blow to the Nayib Bukele Administration, since crypto remittances only represent 1.6% of the total r…

Hace casi un año, el Bitcoin se convirtió en moneda de curso legal en El Salvador, y esto sucedió cuando entro en efecto la Ley Bitcoin, la cual fue aprobada por la Asamblea Legislativa salvadoreña. La ley permitió a Nayib Bukele comprar Bitcoins sin ninguna restricción, y la gente en El Salvador está preocupada por la cantidad de…

Ben McKenzie, an American actor best known for his television roles as Ryan Atwood on the teen drama The O.C. (2003–2007), and James Gordon on the crime drama Gotham (2014–2019) and Jacob Silverman, a staff writer at the New Republic and author of Terms of Service: Social Media and the Price of Constant Connection are currently visi…

I've been researching about Koibanx, and as of this moment I'm writing an article about its role in the implementation of the Chivo Wallet. I wanted to get Koibanx's side of the story so I submitted several questions to be addressed during the AMA a couple of weeks ago, but unfortunately my questions didn't g…

30 years ago, the civil war ended when the Salvadoran Government and the guerrilla signed the Peace Accords in Chapultepec, Mexico. It was a big deal, since those accords allowed the country to become a real democracy, without fear of persecution. Unfortunately, since 2019 the Bukele Administration has been trying to diminish the im…

Update : As I said before the Bitcoin Law was approved, salvadorans lost money to scammers, and the government issued Bitcoin wallet is plagued with issues. Over USD $90,000 has been stolen from Chivo Wallet users, and the Bukele Administration neither denies nor confirm the issues.  I posted this on Reddit seven months ago, and boy…