El Salvador Using Crypto Software Firm AlphaPoint to Fix Chivo Wallet Problems

El Salvador Using Crypto Software Firm AlphaPoint to Fix Chivo Wallet Problems
El Salvador has been using technology from crypto software firm AlphaPoint to fix a series of problems that have plagued its state-run, bitcoin wallet Chivo, the government and the company announced on Tuesday.AlphaPoint started shoring up Chivo’s problematic front- and back-end infrastructure for its app and payment processing capabilities in December after striking an agreement with the administration of El Salvador President Nayib Bukele, AlphaPoint co-founder and CEO Igor Telyatnikov told CoinDesk. But the parties didn’t disclose the arrangement until Tuesday. The change of supplier comes after hundreds of Salvadorans complained that hackers had illegally activated wallets associated with the…