El Salvador’s official bitcoin wallet, Chivo, has reportedly struck a partnership with digital identity provider Netki, who said the Chivo wallet attracted more than 4 million new user signups within 45 days using the company’s flagship KYC/AML product, OnboardID. The platform also claims that it facilitates the compliance registration of 70% of its unbanked population. In addition to transferring money globally, the Chivo wallet is used for daily transactions in restaurants, malls, and other retail markets. As previously reported, El Salvador passed its bitcoin bill in June last year and officially made bitcoin legal tender in September.
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