Monday, 06 September 2021 23:48

Business owners will be able to use Chivo App compatible for bank transfers and even POS

Written by Dinero Staff

The Ministry of Economy, as well as Comisión Nacional para la Micro y Pequeña Empresa (CONAMYPE) are initiating a cycle of training to various sectors of the national economy, indicating the most important aspects that should be known to start using the Chivo App from their businesses.

To describe some of them, this App is for the exclusive use of salvadorans only, not foreigners. Entrepreneurs who do business with international customers and they want to pay in the Chivo App, it will be the supplier who must send a QR code so that your customer can make the payment with any debit or credit card.

Domestic customers will also be able to pay through a QR code, DUI number or phone number of the service provider or through a payment address. In addition, merchants that require it, will be able to obtain a POS Chivo, which will be used to make payments in dollars or Bitcoin. If a business decides to use this type of system, it must send a letter to the Ministry of Economy to request it, together with the training for its use.

As this is a new issue, entrepreneurs are beginning to be trained in this regard; another new aspect is that the Chivo App will be friendly when making transfers to bank accounts of companies; which point out that as long as it is from the government platform, it will not charge commissions.

Any transaction of purchase, sale or collection outside the Chivo platform or App could be charged, depending on the modality of the same, but the Ministry of Economy indicates that any transaction within Chivo will be free of commissions.

Now, Chivo ATMs will also be able to receive cash, like any of those currently operating; this would be done with the option buy, then show the QR of the Chivo Wallet to which you want to send money, after entering the cash confirm the amount and select "Buy BTC".

Another of the government institutions that has opened the space for training is the Secretaría de Innovación, who have placed the site: inclusionfinanciera.gob.sv where all the information regarding the use and implementation of Bitcoin is offered, where there are even courses for the use of any person, which will allow you to work and use the platform with skill.