2022 was one of the hardest year for crypto world. FTX bankruptcy finally damaged users’ trust in centralized exchanges and they began to wonder whether the storage of client funds was really secure. A wave of mistrust had swept across almost all the top exchanges, including Binance.
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Despite reported issues with Chivo wallet, the citizens of El Salvador actively embrace bitcoin as their second national currency. About 25% of the population shifted to cryptocurrency including Bitcoin (BTC).
It seems that the introduction of Bitcoin in El Salvador is not going as smoothly as expected. Although President Bukele publicly assured citizens that the problems with the Chivo wallet have been fixed, users are still reporting issues.