bitcoin

Salvadorans received $52 million in remittances through Chivo wallet from January to May 🇸🇻

DayCentralPerk

Compare this to [sending money with Western Union in El Salvador](https://www.westernunion.com/sv/en/send-money.html)

> Maximum principal send amount is 7,500 USD or local equivalent per transaction.
> All send money transfers are subject to a 13% tax on charges.
> Senders must provide valid identification.

[El Salvador’s new bitcoin plan could cost money providers like Western Union and others $400 million a year, says President Bukele](https://www.cnbc.com/2021/09/09/el-salvador-bitcoin-move-could-cost-western-union-400-million-a-year.html)