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El Salvador's Bitcoin wallet Chivo receives $52M in remittances in 2022

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by COINS NEWS 112 Views

tldr; El Salvador's Central Reserve Bank has reported that remittances from Salvadorans residing abroad totalled $52 million in the first five months of this year. The Central Bank President Douglas Rodríguez said that the country's digital wallet service Chivo processed over $50 million from January to May. El Salvador became the first nation in the world to adopt Bitcoin (BTC) as legal tender in September 2021.

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