Quote from: SFR10 on Today at 09:17:45 AM

Quote from: OcTradism on Today at 06:13:28 AM

Is it custodial or non-custodial wallet?

I believe it's a custodial wallet.

I believe so because it comes from government.

Quote from: nutildah on Today at 06:25:27 AM

So you have to be a citizen to register for a wallet (makes sense).

It is only for El Salvadorian users. Anyway it is early development and if the legal tender in that country goes well, Chivo wallet will be developed and expanded from local to global.

Quote

And here's where it gets tricky:

Quote from: https://www.theblockcrypto.com/post/116870/el-salvadors-chivo-bitcoin-wallet-struggles-to-reach-liftoff-on-launch-day
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.

Why is five Chivo-to-Chivo transactions? Do they think after five transactions, the value of the target address will become bigger and the transaction history is clearer (after 5) so if they want, they can trace personalities better.

nutilda pointed out that people have to register as a citizen in that nation. It is like bank but now use Bitcoin.[/list]