2021 was a highlight year for the cryptocurrency industry, with rapid growth noted not just in the asset market, but also in the infrastructure surrounding it. Big 4 accounting firm KPMG, which itself revealed holding Bitcoin and Ethereum on its Canada arm’s balance sheet earlier, has now highlighted in a report that investments in the […]

Don’t Miss the 11th Blockchain & Bitcoin Conference Moscow: Event on Crypto Market Trends Will Take Place This March. Registration is Available Great news! Registration to the eleventh Blockchain & Bitcoin Conference Moscow is already open. Hurry up to get your ticket before the price increase. The event will take place on March 30 The […]

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Stock brokerage firm DriveWealth has entered the cryptocurrency industry by launching two subsidiaries designed to allow its partners to offer crypto trading services to retail investors. DriveWealth is a New Jersey-based company backed by Japanese tech giant Softbank and is valued at $2.85 billion. The push into the crypto space was motivated by traders who […]

BlockWallet is a private, non-custodial Ethereum browser extension wallet that allows you to hide the amounts and the origins of cryptocurrency held by easily interacting with privacy smart contracts on Ethereum which is a decentralized, non-custodial, and frictionless manner. The platform is an innovative solution that has met the increasing demand for privacy and anonymity. [...]

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Cryptocurrencies are evolving with new technology and growing interest. The blockchain has made cryptocurrencies very valuable investments for millions of people all over the world. If you want to invest in bitcoin, ethereum or other cryptocurrencies, then you can easily purchase them over the blockchain. You just need to know which exchange to use and […]

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The cryptocurrency industry is attracting more and more attention as the global population becomes more sophisticated. Different countries have different attitudes towards this emerging technology. While some of them are friendly, others remain reluctant. However, this does not stop people from taking an interest in digital assets.

Although the Russian government has a rather ambivalent attitude towards the cryptocurrency industry in general, citizens seem to be attracted by the benefits it offers. As a result, demand for mining equipment continues to skyrocket.

Digital technologies such as Web3, blockchain, and NFTs are interesting areas for Ferrari, CEO Vigna stated.

Texas Senator who talks a big game actually has something to show for it.

The Central Bank of Ecuador is planning to issue cryptocurrency-specific regulations later this year. According to statements from Guillermo Avellan, the Central Bank of Ecuador manager, this will bring more clarity to the cryptocurrency industry in the country and contribute to preventing crimes such as money laundering. More and more central banks and financial regulators […]

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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Blockchain technology has changed our lives in innumerable ways. One of the most obvious impacts of blockchain technology has been in the cryptocurrency industry. In fact, blockchain is largely attributed with the birth of bitcoin and other cryptocurrencies. It remains one of the most important forms of technology that is shaping the industry in the […]

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