[davidgerard]

author here. It got dropped for space reasons (it's overlength already), but Chivo didn't get US money transmitter licenses in order as yet, so sending remittances over Chivo is attracting conversion fees from people's banks, even as Chivo doesn't charge them.

I mostly think of Chivo as a real wasted opportunity as a payments system. A government-backed electronic dollar system that worked well, and which subsidised remittances from the US, could have been excellent for El Salvador. Instead they came up with semifunctional rubbish with a massive fraud scandal.

I believe the previous Chivo developers have been fired and a new team is being hired (based on LinkedIn job ads). Trying to find out more about this.