El Salvador Launches App for Digital Dollars via Coinbase's Base Network
7 Articles
7 Articles
President Nayib Bukele and the Government of El Salvador Partner with Modveon to Launch Sivar, a Trusted Community and Payments App with $2 Flat-Fee Transfers from the U.S.
Built by Modveon for El Salvador, Sivar advances President Bukele’s vision of using technology to expand democratic spaces and connect Salvadorans with institutions, businesses and one another. The app provides identity-verified accounts, community and institutional access, and a way for U.S. residents to send money to El Salvador for a $2 flat fee on any […]
The Nayib Bukele administration is developing together with Modveon an application supported by the government that will allow Salvadorans to send and maintain digital dollars, even for remittances, through the base network of Coinbase.
Coinbase powers El Salvador remittance app as the country leans into stablecoins
The new remittance and identity app, Sivar, built by Modveon for El Salvador, runs on Coinbase’s payments infrastructure, according to a Tuesday announcement by the US-based exchange. The app built by the firm based in Palo Alto will allow eligible senders to transfer funds from the U.S. to verified recipients in El Salvador for a...
According to ChainCatcher, the Salvadoran government is collaborating with Modveon to develop a government-backed app called Sivar, which will allow citizens to send, receive, and hold USD-pegged stablecoins via Coinbase's Base network, and support remittances. The app will verify user identity using government credentials.
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