El Salvador's Chivo wallet to relaunch with microloans and free remittances under Linguard Labs
- —Linguard Labs took majority control of Chivo via a public-private partnership, with the government remaining a shareholder
- —Planned services include microloans and cash advances based on income and spending history in the wallet
- —Free remittances from the US and debit cards with cashback are also planned
- —Over 4.5 million Salvadorans are registered in the app; no timeline or terms have been announced
Why it matters: The Chivo relaunch will test whether state-born crypto infrastructure can survive under private ownership and broaden financial access across Latin America.
Source: DiarioBitcoin