Is Mexican Exchange Bitso Behind El Salvador’s Chivo Wallet?

The mystery of the Chivo wallet persists. And Bitso comes into the picture as part of a more credible report confirmed through official channels. It seems like NewsBTC was right to doubt Forbes’s article about BitGo being behind the Chivo wallet. This Reuters report, on the other hand, comes with specific information and quotes confirming the news. For example: “We are looking forward to working with El Salvador in an initiative that will transform payment structures and increase financial inclusion in the country,” said Santiago Alvarado, vice-president of Bitso for Business. Related Reading | Bitcoin Price Bloodbath: Is El Salvador A “Sell The News” Event? Even that could be considered evasive, it doesn’t refer to the Chivo wallet specifically. This chunky bit of information, on the other hand, leaves little to the imagination. “Bitso said it will work with Silvergate Bank, a U.S. federally-regulated and California state-chartered bank, to facilitate transactions in U.S. dollars.” The language suggests they’re talking business. El Salvador made history by becoming the first country to make Bitcoin legal tender, and today, we’re proud to announce that Bitso is committed to building and developing El Salvador’s vision of Bitcoin by being the core crypto-service provider for Chivo.Let’s #MakeCryptoUseful https://t.co/2rrTNDdXab — Bitso (@Bitso) September 7, 2021 If Bitso Is Behind The Wallet, What’s The D...