El Salvador and Linguard Labs Relaunch Chivo as Financial Platform

• —Linguard Labs took a majority stake in Chivo, with El Salvador's government remaining a shareholder
• —The platform is being built in San Salvador with support from major financial and crypto companies
• —Users will be able to hold funds, send money from the US without fees and pay in BTC, dollars and stablecoins
• —Microloans and cash back will be based on income and platform activity rather than banking history