In addition to developing a national virtual wallet dubbed "chivo" (Salvadoran slang for "cool") that provides no-fee transactions and enables speedy cross-border payments, the program involves purchasing bitcoin with public funds. In a nation where most transactions are conducted in cash and where 70% of the population lacks access to standard financial services like bank accounts or credit cards, chivo was designed to provide a simple entry point for those who had never used the banking system.