Former Visa and JPMorgan Execs Take Over El Salvador’s Chivo Wallet

According to Lionguard Labs, the new Chivo wallet will offer Salvadorans a comprehensive suite of services, including wallet-activity-supported microloans, cash advances, free remittances, and crypto card payments. The Salvadoran government’s Chivo wallet, which allowed citizens to receive a $30 airdrop in 2021 , is back with a new financial concept. Linguard Labs, a California-based infrastructure fintech company that assumed control of the Chivo wallet, announced on Thursday a public-private partnership to relaunch the wallet after the government transferred majority ownership under the guidance of the International Monetary Fund (IMF).

Source: Bitcoin.com News