Bankers from 44 countries test El Salvador’s Bitcoin Beach and Chivo wallets

Bankers from 44 countries test El Salvador’s Bitcoin Beach and Chivo wallets

Representatives of the financial institutions of the 44 countries that are in El Salvador today are getting to know everything about the implementation of bitcoin (BTC) in the Central American country up close. And they are also testing the Bitcoin Beach wallets and the government application Chivo, both keys to the adoption of bitcoin as legal tender in the nation.

The attributes that the most important cryptocurrency in the ecosystem and the most secure network have, are being explored by the 32 central banks and 12 other financial institutions located in El Salvador, all members of the Alliance for Financial Inclusion (AFI).

This organization that promotes the use of financial services for the inclusion of the unbanked population, made El Salvador the host country of a massive event. The idea is that its members understand and evaluate the benefits that bitcoin offers to serve an immense population of the world that is unbanked.

“The event, which hosts delegations from 44 countries, was opened today by the president of the Central Bank of El Salvador, Douglas Rodríguez and the Secretary of Commerce and Investments Miguel Kattan”, inform on Twitter the account of the Government Secretariat of the Central American nation.

The participants in the event “Digital Financial Services and Financing of SMEs” held in El Salvador.

He adds that during work meetings participants know about financial inclusion, digital economy, bitcoin and other issues of economic relevance in El Salvador.

In addition, the Manager of Financial Stability and Public Policies of the Central Bank, Guadalupe Escobar, showed how the adoption of the pioneering cryptocurrency has contributed to boost tourism.

During his speech Escobar also said that the population can make remittances, transactions and payments with bitcoin, at no additional costs, through the government platform Chivo Wallet.

Bitcoin Beach Wallet.
As part of the working meetings, the delegations of the countries learned more about the implementation of bitcoin in El Salvador and the operation of the Chivo Wallet. Source: Twitter/@SecPrensaSV.

Bitcoin is not the central topic of the agenda of the event that will last until next Thursday, May 19, however, El Salvador is showing the achievements it has made with bitcoin with regard to financial inclusion, which is the central theme of the international event.

In any case, not all participating countries are cryptocurrency-friendly, among them is Paraguay, a country that has already warned its population about the use of bitcoin, as reported by Criptonews last year.

In fact, on this occasion he issued a new statement in which he denies his participation in discussions related to bitcoin in El Salvador, as he warn a Twitter user.

“The Central Bank of Paraguay participates in the 18th working meeting on Finance of Small and Medium-sized Enterprises of the Alliance for Financial Inclusion. The focus of the meeting is not related to cryptocurrencies or the like. Likewise, the BCP does not plan to discuss cryptoassets in this area or meeting, a matter on which it has established an institutional position at the time,” the statement said.