El Salvador changes tech provider for 'Chivo' wallet

economictimes.indiatimes.com:

El Salvador has gone ahead and changed the frontend and backend technology provider for its 'Chivo' wallet even as International Monetary Fund (IMF) recommended that the South American nation should drop the use of bitcoin as its sovereign currency. The change has been made in an apparent bid to fix a series of problems that have plagued its state-run bitcoin wallet. The government of El Salvador earlier this week rejected IMF's recommendation. El Salvador's Treasury Minister Alejandro Zelaya said, «No international organization is going to make us do anything, anything at all. Bitcoin is an issue of 'sovereignty' and sovereign countries take sovereign decisions about public policy.»

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«The Government of President Nayib Bukele informs that the American company AlphaPoint is providing technology for Chivo Wallet, the first national digital wallet in the world,» El Salvador government said in a statement. AlphaPoint, financial technology provider to institutions globally, is adding to offer financial services and access to Bitcoin for millions of Salvadorans who are actively using the Chivo wallet, it added. Crypto software firm AlphaPoint will support the frontend and backend infrastructure that powers the wallet and integrates the entire ecosystem including the mobile application, mobile point-of-sale processing, merchant website portal, call-center support software, and administrative console. Their build focuses heavily on wallet stability and uptime, scalability, and social impact,