HomeCryptoEl Salvador's Bitcoin wallet is '95% mounted,' President Bukele says

El Salvador’s Bitcoin wallet is ‘95% mounted,’ President Bukele says

Just every week after Bitcoin (BTC) grew to become authorized tender in El Salvador, President Nayib Bukele has admitted that the rollout of the state Bitcoin wallet was an excessive amount of of a problem.

Chivo, El Salvador’s official Bitcoin wallet, has quickly disabled new registrations and halted app downloads for brand spanking new smartphone fashions attributable to ongoing points with the app, Bukele mentioned on Twitter late Monday.

“Both things will be enabled until the application has no errors,” the president famous, including that the Chivo crew expects to renew registrations and downloads in a pair extra days.

“The technical errors of the Chivo wallet have been 95% fixed. In the next few days it will be working at 100%,” Bukele wrote. He famous that El Salvador’s 200 Bitcoin ATMs at the moment “work perfectly,” in addition to Chivo-supported 50 ATMs within the United States.

Bukele went on to say that the bumpy rollout of the Chivo wallet was attributable to an early rollout, stating:

“Launching everything in three months was too much of a challenge and we made mistakes, but we are already fixing them and hundreds of thousands of Salvadorans can already use Chivo with no issues.”

According to the president, the Chivo wallet has amassed a complete of half 1,000,000 customers because the app’s launch final Tuesday.

Related: Bitcoin traders are reportedly exempt from taxes in El Salvador

As beforehand reported, El Salvador launched the official Bitcoin wallet in cooperation with Mexican crypto change Bitso, which mentioned it was the “core crypto service provider” for Chivo. The wallet subsequently confronted main points on the launch day, going offline for upkeep attributable to capability errors. Despite Chivo’s immediate efforts to repair the problems, many customers have apparently continued experiencing issues with transacting or withdrawing from Chivo, with some customers claiming that the app’s performance was “almost zero.”

Santiago Alvarado, Bitso’s director of cross-border funds, declined to touch upon the Chivo wallet’s performance to Cointelegraph, stating that the change “is not at all involved with the front-end development of the Chivo wallet.”