Mumbai, Feb 2:
Crypto software firm AlphaPoint on Wednesday said it will support the frontend and backend infrastructure for El Salvador’s bitcoin wallet ‘Chivo’.
AlphaPoint, a white label software company powering digital asset exchanges worldwide, was earlier assisting the government of El Salvador to fix a series of problems that were plaguing its state-run bitcoin wallet.
The US-based firm said it will now support the frontend and backend infrastructure that powers the wallet.
AlphaPoint further said it will integrate the entire ecosystem including the mobile application, mobile point-of-sale processing, merchant website portal, call-center support software, and administrative console.
El Salvador and President Bukele are truly leading globally with this first major experiment in Bitcoin adoption at a country-wide level. No one else has attempted to execute a project of this size, AlphaPoint Co-founder and CEO Igor Telyatnikov said.
He further said that AlphaPoint will provide the scalable and reliable solutions needed for this massive undertaking.
“The Chivo application is currently supporting millions of Salvadorans, many for their first time accessing financial services,” Telyatnikov added.
In September last year, El Salvador became the first country to adopt Bitcoin as a legal tender, as the government launched the Chivo wallet to facilitate bitcoin transactions.
Chivo is also in the process of deploying 1,500 Bitcoin ATMs across El Salvador.
(UNI)
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