On February 2, 2022, the blockchain infrastructure provider Alphapoint has announced that the Salvadoran government has chosen the firm to operate the bitcoin wallet Chivo. The bitcoin wallet is the largest fintech application in the country and Alphapoint “supports the frontend and backend infrastructure that powers the wallet and integrates the entire ecosystem.”

Alphapoint to Support Chivo Wallet’s Frontend and Backend Infrastructure

The Central American nation of El Salvador has announced it has appointed Alphapoint to handle the country’s bitcoin wallet, Chivo, by allowing it to support its frontend and backend technology. Prior to Alphapoint, the Chivo wallet’s infrastructure was provided by the crypto company Athena Bitcoin. Alphapoint announced Wednesday that the Salvadoran government selected the firm to provide financial services and Bitcoin access for millions of Salvadorans using the wallet .”

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“El Salvador, President Bukele are truly leading global with this first major experiment at bitcoin adoption at a national level,” Igor Telyatnikov (co-founder and CEO) of Alphapoint stated in a statement to Bitcoin.com News. Telyatnikov added:

No one else has attempted to execute a project of this size. AlphaPoint is proud to have been involved in this huge undertaking and offer the reliable and scalable solutions required. The Chivo app currently supports millions of Salvadorans who are trying to access financial services for the first time.

Salvadoran Government Issues Statement About Chivo Wallet’s Transition

The Salvadoran government’s Chivo wallet has experienced hiccups when it launched and a significant amount of complaints. In mid-September 2021, the Salvadoran Court of Accounts said it planned to investigate Chivo’s kiosk construction. In addition to Alphapoint’s announcement on Wednesday, the Salvadoran government issued a statement about the transition.

“The Government Of President Nayib Bukele informs you that Alphapoint, an American company, is providing technology for Chivo Wallet. This wallet is the first in its kind worldwide,” the government statement states. “Alphapoint, which offers financial technology to international institutions, is adding its expertise in order to offer financial services to millions of Salvadorans who use the Chivo wallet .”

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What do you think about the Salvadoran government choosing Alphapoint to run Chivo wallet’s underlying tech? Please comment below to let us know your thoughts on this topic.

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