El Salvador made public the first images of the expected bitcoin (BTC) wallet, Chivo wallet. In a virtual event held today, August 31, by the Ministry of Economy, the government of the Central American country revealed how the application looks like, its graphical interface and the operation of the two versions that users and commercial establishments will use.
In the wallet
, the colors blue and white predominate, while the main screen of the version for users shows the available balance in dollars and bitcoin. The Chivo wallet also displays a transaction history on its home page, two buttons to send or receive funds, another for profile settings, home and conversion between BTC and dollars.
One striking aspect is that on the top left of the main screen the wallet will display a photo of the person and their name. This feature is unusual among cryptocurrency wallets. At the top right is located the scanner for reading QR codes.
The main menu of the Chivo wallet is similar to that of apps for making digital payments with national currencies. Source: @SantaT3chL4w / Twitter.
Those who wish to make or receive payments can do so in four ways: scanning a QR code, entering the unique identity document (DUI), providing a phone number or through a payment address. It should be remembered that transactions with BTC to make payments are optional, so users are free to pay in dollars.
There are four ways to make or receive payments with the Chivo wallet, all with “Know Your Customer” or KYC protocol. Source: @SantaT3chL4w / Twitter.
The app also provides two ways to withdraw funds in dollars in cash or by transfer to bank accounts denominated in the US currency. The former is executed through Chivo ATMs, while in the latter the person must first exchange their BTC to dollars. Then select the bank and indicate if it is the same holder of the digital wallet.
Chivo wallet for businesses in El Salvador
The second version of the wallet corresponds to businesses or commercial establishments. In this case, the app has an input panel that also reflects the amounts in dollars and bitcoin
. For businesses there is no name or space for them to upload a profile picture, for example.
On the left side there is a menu with multiple options as pro
payments or set the wallet configuration, among others. In the event was also shared an image of a Chivo POS (Point of Sale) that is only enabled for payments in businesses.
Configuration panel for the version of the businesses that will use the Chivo wallet. Source: @SantaT3chL4w / Twitter.
The app is a key piece in the implementation of the Bitcoin Law that grants legal tender to the cryptocurrency to acquire products and services. Until now it was unknown what it looked like and what its functions were. The government also enabled the email firstname.lastname@example.org
for people to share their doubts or comments.
CryptoNews reported last week how Chivo would work
. The diagram shared by this newspaper shows that the wallet bases its operations on the structure of the firm Athena, a manufacturer of Bitcoin ATMs. This in turn would be based on the centralized service Amazon Web Services.
It is worth mentioning that Chivo is a custodial wallet, i.e. it does not give users private keys. If people wish, they could use their preferred wallet (with private keys), but they would be charged a fee that is waived in Chivo.