Former Visa and JPMorgan Executives Lead Chivo Wallet Relaunch
El Salvador’s Chivo wallet is being relaunched under former Visa and JPMorgan executives, with Lionguard Labs outlining new lending and payment services.
Former executives from Visa and JPMorgan are leading a relaunch of El Salvador’s Chivo wallet, according to Bitcoin.com News.
Lionguard Labs says the revamped wallet will offer microloans supported by users’ wallet activity, alongside cash advances. Its planned services also include free remittances and cryptocurrency card payments.
Chivo was introduced by the Salvadoran government and enabled citizens to claim a $30 airdrop in 2021. The relaunch would expand the wallet’s financial services, though the source excerpt provides no rollout date or detailed terms.
Source: Bitcoin.com News
