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People From El Salvador Claim Their Chivo Wallets Are Missing Funds

The people of El Salvador take to Twitter to express their frustrations and disappointment by the lack of funds in their Chivo issued wallets.

el-salvador
Photo by twenty20photos / Envato

El Salvador’s state-issued Chivo wallets, which are supported by the crypto platform Bitso, are missing some of the money, some Salvadorans claim when posting on social media.

A Twitter thread started on December 16th by a user named “the commissioner,” which featured the voices of at least 50 Salvadorans that reported December losses which totaled more than $96,000 after the setup of Bitcoin (BTC) wallets issued by the Government. Of course, out of all transactions, some were as small as $61, with others claiming they were missing either thousands or more.

Luis Guardado said “There is a security flow on the wallet where money and transactions disappeared,” in an appeal to President Nayib Bukele. “No tech support and only useless calls, where is my money.”

In October, Bukele stated 3 million Salvadorans were using Chivo issued wallets, which constitutes approximately half of the nation’s 6.5 million people. Since El Salvador’s proposed Bitcoin law back in June, a lot of citizens were opposed to it for a myriad of reasons, including but not limited to the volatility of crypto and claims that they could be unreliable investments when it came to pension funds.

This ended up leading into protests as they marched through San Salvador’s capital city first once before the law was effective on September 7th, and further protests then taking place, seeing some people even managing to burn Chivo Kiosks, wreaking all kinds of havoc.

The president of El Salvador is a huge advocate for Bitcoin as he frequents social media, promoting the adoption of BTC and other related projects, such as using geothermal energy from their volcanoes to mine crypto, as well as the building of a Bitcoin City that’d be funded on $1 billion in BTC bonds.

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