El Salvador to End Chivo Operations and Bitcoin Legal Tender Status

According to Odaily, data from the Central Reserve Bank of El Salvador indicates that since October 2024, cryptocurrency remittances have accounted for less than 1% of the total remittance volume to the country. Despite President Nayib Bukele's assertion that traditional financial institutions charge up to 25% in fees for remittances, and the official digital wallet Chivo offering zero fees,... source: https://www.binance.com/en/square/post/19939542265409?utm_source=BinanceNewsRSS