Post
Topic
Board Bitcoin Discussion
Merits 8 from 5 users
Re: El Salvador official wallet app @chivowallet go offline
by
SFR10
on 08/09/2021, 09:17:45 UTC
⭐ Merited by pooya87 (2) ,OcTradism (2) ,vapourminer (2) ,Jawhead999 (1) ,stompix (1)
They just have to work on getting better servers,
This... I wonder why most of the apps that are tied to the governments [not just El Salvador] have limited or rather unreasonably low server capacities?

Is it custodial or non-custodial wallet?
I believe it's a custodial wallet.

Anyone has been able to check the Chivo wallet? Let's share it, please.
I'm not an iOS user, but here's the link: Chivo Wallet
- At the moment, it's #5 in the Finance category, but earlier in the day it "was #1".

So you have to be a citizen to register for a wallet (makes sense).
And here's where it gets tricky:

  • Some users reported issues sending the funds credited to their accounts. It appears that the initial $30 can only be sent to other Chivo users and merchants rather than to other wallets outside the Chivo ecosystem. Some have taken to Twitter to post possible workarounds to allow users to withdraw the $30. They claim the funds must pass through a few Chivo-to-Chivo transactions before they're unlocked for withdrawal.
    ~Snipped~
    Matt Ahlborg, head of research at Bitrefill, tweeted his test of the Chivo functionality. He found the $30 in BTC could be sent off-chain after three to five Chivo-to-Chivo transactions and Lightning payments can be sent to and from the wallets.