Is BitGo Behind El Salvador’s Chivo Wallet?
In the present time an article is circulating in the internet world which indicates that BitGo is behind the Chivo Wallet.
In a recent tweet, Nayib Bukele, president of El Salvador, shared the success of Chivo Wallet on Play Store.
Read also: El Salvador ‘s Chivo wallet trending no. 1, Users are not able to use
Earlier this, no one had talked about BitGo. But here an article of Forbes indicates that BitGo is a backing platform of the Chivo wallet or alternatively we can say Chivo wallet is working on the BitGo technology, but still now one talked about it.
“Forbes has learned El Salvador appears to have tapped cryptocurrency unicorn BitGo to provide Chivo’s wallet infrastructure and security platform, making the Palo Alto, Calif-based startup the nation’s exclusive hot-wallet provider in a historic moment for cryptocurrency adoption.”
This is the actual article of Forbes. Well here we can’t say how much Forbes’s report is true but another indication to support this report of Forbes is coming from the BitGo Ceo.
Mike Belshe, ceo of BtGo, quoted the article of Force and praised the decision of El Salvador’s government to adopt Bitcoin as a currency medium.
“The ability to send money in a hurry on a Saturday night, when banks are closed, across the planet and at almost no fees, it’s hard to put into words how empowering that is, and what we’ll see in El Salvador is, people will start figuring it out.”
This statement of BitGo Ceo, trying to indicate that there is a huge connection with the rumours because if the article of Forbe was wrong then surely BitGo will clarify the issue but they didn’t.
