menuIcon
$ 95,067.0
BTC
$ 95,067.0
0.73 %
$ 1,785.94
ETH
$ 1,785.94
-1.68 %
$ 0.6633
ADA
$ 0.6633
-0.01 %
$ 601.75
BNB
$ 601.75
0.27 %
$ 144.78
SOL
$ 144.78
-1.16 %
Divya Mathur
Sep 9, 2021
by Divya Mathur

Salvadoran President Invites People to Report Bitcoin Rollout Issues

President Bitcoin Issues

Table of contents

  1. “We Are Still Fine-Tuning Small Details”: Bukele
El Salvador’s president Nayib Bukele sent out a stream of tweets on Wednesday to address the technical issues associated with the Bitcoin rollout. Bukele tried to manage the chaos that erupted after several people were unable to access the country’s official digital wallet Chivo.

El Salvador’s President Invites People to Report Bitcoin Rollout Issues

El Salvador’s historic adoption of Bitcoin was hammered technical issues on its very first day. Taking note of the situation’s gravity, Salvadoran president Nayib Bukele took to Twitter to share some reassuring advice on the difficulties being faced by people. 

According to Reuters, Bukele sent out a barrage of tweets in the past 36 hours, instructing people on how to download the state-sponsored app Chivo and resolve issues related to connectivity. He also invited users to report any problems on his Twitter feed.

Like typical IT departments, Bukele advised Chivo users to close and restart the application if they were greeted by a “currently under maintenance” screen. Late last night, the president updated people that Chivo was put temporarily offline to “improve user experience and the problems it had during the day.”

Meanwhile, Bitcoin’s value continued to tumble as it closed the day at $46,000. The currency has shaved off 5.1% of its gains in the last week. 

Douglas Rodriguez, president of El Salvador’s central bank (BCR), pointed out that the world was closely watching El Salvador’s Bitcoin adoption process, which would require time to “mature.”

His sentiments were echoed by Skilling’s chief executive Michael Kamerman, who emphasized that El Salvador’s fraught Bitcoin roll-out wouldn’t impact the market in the long term.

“Any financial innovation on this scale is going to come with teething problems. However, if we’ve learned anything from watching the markets in the past year, it’s that bitcoin maximalists will seek to push the digital currency back up just as quickly as it has fallen.”

“We Are Still Fine-Tuning Small Details”: Bukele

Regardless of technical difficulties, Chivo emerged as the most popular app on the El Salvador edition of Apple’s App Store. It also garnered attention for distributing $30 to every user who signed up for an account. 

Bukele had already clarified earlier that Chivo wouldn’t be available on numerous phone models that use Google Play to prevent saturation of servers. 

Yesterday, he added that Chivo support has been extended to Alcatel smartphones and more devices will join the list.“We are still fine-tuning small details,” he stated on Twitter. 

Follow us on: News
El Salvador Nayib Bukele El Salvador Bitcoin Chivo
Salvadoran President Invites People to Report Bitcoin Rollout Issues
Divya Mathur
Divya is a postgraduate from Jawaharlal Nehru University specializing in International Relations and a professional writer with more than 5 years of experience writing for the web. She is an avid reader interested in the global financial system and the effects of decentralization. At Cryptoknowmics, she hopes to deliver clear and understandable content to inform readers about the latest events in the crypto sector.

Top Picks