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El Salvador's Chivo wallet relaunched with microloans, free remittances, and cashback cards under new fintech leadership

Market News
09 Oct 2026
Bitcoin
View Source
Bullish
El Salvador's Chivo wallet relaunched with microloans, free remittances, and cashback cards under new fintech leadership

Linguard Labs, led by former Visa and JPMorgan executives, took majority control of El Salvador's Chivo wallet to boost financial inclusion. The relaunched wallet offers Salvadorans microloans and cash advances based on wallet activity, free U.S. remittances, and cashback debit cards for use at merchants. This initiative aims to bring millions of unbanked Salvadorans into the financial system and expand access to credit and digital payments. The partnership follows guidance from the IMF and signals a new phase for digital finance in El Salvador and Latin America.

The takeover of El Salvador's Chivo wallet by former Visa and JPMorgan executives is noted here with Pluang's cryptocurrency 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 GRT at Rp474 with a 1-day change of -5.62% and a typical hold time on Pluang of 98 days, DOT at Rp20.917 with a 1-day change of +5.11% and a typical hold time of 121 days, and SUSHI at Rp4.075 with a 1-day change of -4.67%. The most notable figure is the 90% sell order activity for GRT.

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