Launched by El Salvador.
The Chivo wallet (slang for “cool”) support free transactions in bitcoin and U.S. dollars for individuals and companies. Launched by El Salvador. Mexico-based exchange Bitso will provide the core crypto services for Chivo. Bitso says it is working with California-based Silvergate Bank to facilitate the dollar transactions, and that the app will support automatic liquidation of bitcoin transactions into dollars as well as withdrawals at bitcoin ATMs around the country.