NEW YORK / SAN SALVADOR - February 2, 2022 - Chivo, the world's first national crypto wallet, is now operating with AlphaPoint white label infrastructure. AlphaPoint, which provides fast, scalable financial technology to institutions globally, is helping El Salvador to offer financial services and access to Bitcoin for millions of Salvadorans actively using the wallet.

In September, El Salvador became the first country to adopt Bitcoin as a legal tender, as the government launched the Chivo wallet to facilitate Bitcoin transactions in the country. The government deposited $30 in Bitcoin in every El Salvadorans' Chivo wallet as ‘seed money' to propel Bitcoin transactions.

With every McDonalds, Starbucks, Walmart, Airport and Government office in the country already accepting Bitcoin with Chivo, the project has aspirations in the next year to simplify payment of home utilities, taxes, and many other daily transactions in Bitcoin as well. Chivo is also in the process of deploying hundreds of Bitcoin ATMs around the country to more readily serve the Salvadoran population.

AlphaPoint supports the frontend and backend infrastructure that powers the wallet and integrates the entire ecosystem including the mobile application, mobile point-of-sale processing, merchant website portal, call-center support software, and administrative console. Their build focuses heavily on wallet stability and uptime, scalability, and social impact, while also integrating user verification services leveraging machine-learning facial recognition and authentication tools. AlphaPoint also improved the Lightning integration for nearly instantaneous low-fee Bitcoin transactions via QR and Lightning addresses.

Chivo is the largest fintech application in the country and is providing infrastructure to bring the 70 percent unbanked population of the country into the financial ecosystem. The AlphaPoint-powered wallet facilitated millions of transactions last month alone, with more businesses enabling transactions every day. The wallet is free to use for all Salvadorans, with zero commissions.

“El Salvador and President Bukele are truly leading globally with this first major experiment in Bitcoin adoption at a country-wide level,” Igor Telyatnikov, Co-founder and CEO of AlphaPoint said, “No one else has attempted to execute a project of this size. We at AlphaPoint are honored to be involved in the process and provide the scalable and reliable solutions needed for this massive undertaking. The Chivo application is currently supporting millions of Salvadorans, many for their first time accessing financial services.”

AlphaPoint was the first white label marketplace provider in the cryptocurrency industry and has been a trusted solution for large-scale institutional-grade exchange infrastructure for more than eight years. It is considered a foundational member of the industry with focused priorities in scalability, security, and flexibility to serve clients around the world.

About AlphaPoint 
AlphaPoint is a white-label marketplace software company powering digital asset exchanges worldwide. Through its secure, scalable, and customizable digital asset trading platform, AlphaPoint has enabled over 150 customers in 35 countries to launch and operate digital asset markets, as well as to digitize assets. AlphaPoint and its award-winning blockchain technology have helped startups and institutions discover and execute their blockchain strategies since 2013.

Media Contact: AlphaPoint, [email protected]
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-- AlphaPoint (https://alphapoint.com/), a white label crypto marketplace software company enabling global access to cryptocurrencies and digital assets, is expanding their team. By onboarding key hires into critical roles, targeting personnel with diverse backgrounds in fintech and capital markets, AlphaPoint looks to meet the rapidly evolving demands of the cryptocurrency industry. In a year where personnel doubled, notable senior hires added to the team include Matthew Moss as Director of Product, Sabine Wisnioski as Director of People, and Tristan Thomas as Product Manager - Government Applications.

As AlphaPoint's new Director of Product, former Liquidnet and DTCC product director Matthew Moss will drive development across the product suite, ensuring customers are able to meet unique market needs. Prior to AlphaPoint, Matt held a wide variety of roles across more than 20 years of experience in traditional financial services: Technical Writer, C++ Engineer, Algo Trading Development Lead, Business Analyst, Technology/Product Division Head, and Product Manager. He joined Liquidnet, the electronic trading venue catering to institutional investors, in its early startup days back in 2002, attending Columbia University to learn C++ and Java programming. He left Liquidnet after 17 years and joined DTCC's ITP business unit (formerly Omgeo) as Product Management Director in Digital Strategy & Platform Management. "I couldn't be more excited to join AlphaPoint and contribute to their mission of providing innovative products and leadership in the fast-growing digital asset ecosystem," said Matthew Moss. 

Sabine Wisnioski, AlphaPoint's new Director of People, delivers a uniquely global perspective to the company. Having grown up in Singapore and studied Chinese and Japanese Language and Literature in Seattle at the University of Washington, Sabine started her career at Google in recruiting. She then moved onto Barclays Investment Bank supporting the FX Settlements office, Japan desk, and soon after completed a Masters of Science in Knowledge Management at Nanyang Technological University in Singapore. Her first professional exposure to crypto was in 2018, as she helped her firm launch a new cryptocurrency entity – Binfinity – based in Barcelona, Spain. Currently operating out of Tokyo, Sabine specializes in global talent acquisition and as a stand-alone HR Business Partner for tech startups covering APAC and other regions. “It is such an exciting time to join AlphaPoint right now! As we scale our product offering and global services across regions and additional countries, we need to follow through with developing existing talent, diversifying and streamlining our internal processes while understanding what hiring exceptional talent actually means to us at AlphaPoint in order for our teams to help carry AlphaPoint forward with the highest form of engagement possible,” said Sabine Wisnioski, Director of People.

Tristan Thomas, AlphaPoint's Product Manager - Government Applications, has a wealth of experience leading product innovation and strategic solutions for corporations, governments, and startups implementing blockchain and advanced tech solutions. Working throughout US, Europe, Asia and Africa, he has led strategic executive blockchain consulting for Salesforce, GE, SwissRe and Hyperloop, as well as with startup innovators in industries including Asset Management, Supply Chain, IOT, Biotech, Transportation, Gaming, Sports, Real Estate, and Trading. With a background in organizational psychology and IT systems management, Tristan specializes in assessing, developing and implementing new business models that leverage transformative technology.

With a wide array of international placements from different nationalities in 2021, Danielle Humphreys, Operations Associate based in Spain, anticipates further global expansion in 2022, “AlphaPoint has undergone exponential growth in Q4 2021 with many new employees coming in to support the US and APAC teams, along with our newly dedicated Chivo team in El Salvador,” said Danielle. “In Q1 2022, we are actively recruiting across various functions and expertise including the Development Team and People Team, with the goal of doubling company size again by the end of Q4 2022. AlphaPoint currently has 22 remote positions open to candidates across the globe. In the People Team specifically, it is important to transcend geographical hiring boundaries as it enables us to obtain world-class talent who contribute a diverse mix of different cultures and experiences to our company. Come join us!”

About AlphaPoint

AlphaPoint is a white label software company powering crypto exchanges worldwide. Through our secure, scalable, and customizable digital asset trading platform, AlphaPoint has enabled over 150 customers in 35 countries to launch and operate crypto markets, as well as digitize assets. AlphaPoint and its award winning blockchain technology have helped startups and institutions discover and execute their blockchain strategies since 2013. Learn more at AlphaPoint.com

Media Contact: AlphaPoint, [email protected]

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