Linguard Labs has acquired a majority stake and operational control of El Salvador's government-backed Chivo wallet, aiming to expand its services to include free U.S.-to-El Salvador remittances, credit products, debit cards, and payments with Bitcoin and other digital assets. The platform, with over 4.5 million accounts, will keep existing users' balances and introduce microloans, cash advances, and merchant financing. This move aligns with El Salvador's IMF program conditions and broadens Chivo’s focus from Bitcoin adoption to broader financial services, with development based in San Salvador under local regulations.
Linguard Labs' acquisition of majority control over El Salvador’s Chivo wallet is noted here with Pluang market data as of Oct 09, 2026 21:41 WIB. Of 50 major cryptocurrencies priced on Pluang, 12 rose and 37 fell today. Notable movers include DOT (Polkadot) at Rp20.917 with a 5.11% increase and 75% buy order activity, SUSHI (SushiSwap) at Rp4.075 down 4.67%, and EGLD (MultiversX) at Rp71.294 down 4.47%.
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