El Salvador became the first country in the world to use Bitcoin as legal tender last month. With the government’s admiration, although the number of users is gratifying, problems in actual operation continue to be troublesome. According to foreign media reports, after Bitcoin became legal tender, only a few American companies in El Salvador accepted Bitcoin as payment. In addition, the official digital wallet Chivo still has various problems in its operation, but the complaint cannot be resolved.
The report pointed out that at present, in El Salvador, only a few foreign companies, such as McDonald’s, Starbucks, Pizza Hut, etc., accept Bitcoin payments, and most of the local just-needed stores do not support Bitcoin payments.
Adalberto Galvez, a 32-year-old construction worker, said,When he used the digital wallet Chivo to withdraw cash, he inexplicably lost $220. Subsequently, a complaint was lodged with the relevant department, but until now there is still no reply.
In addition, there are dozens of Salvadoran residents who have had the same experience as Galvez. Although Chivo means “good” in Salvador, it has brought a very bad experience. They rarely use the digital wallet Chivo now. .
What’s more serious is that due to the government’s introduction of rewards, as long as you register to use the digital wallet Chivo, you will be able to get a $30 bitcoin reward.Some people develop this into a black property, and many people find that their identity has been stolen when registering, and they can’t get the money at all.
However, El Salvador’s President Nayib Bukele said that 3 million people have now downloaded Chivo, which is 500,000 more than originally estimated, which is almost half of the country’s population. In September, the digital wallet Chivo had more than 2.1 million active users.
Although there seem to be many users, a foundation surveyed 233 companies in different industries in El Salvador and found that 93% of them still do not support Bitcoin payments.This also means that the current main function of the digital wallet Chivo is still as remittance and cash withdrawal.
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