Our payments platform is designed to increase conversion and reduce fraud at every step of the payment flow. Get access to streamlined checkout flows, fraud prevention, issuer-level optimizations, and more so that you can focus on building the next big thing. Bitcoin is an innovative payment network and a new kind of money. Bitcoin halving is a mechanism written into the Bitcoin algorithm that cuts the reward for mining the cryptocurrency in half. This happens nearly every four years and is done to ensure scarcity, safeguarding Bitcoin from inflation. The next one will likely happen around April 2028. El Salvador introduced the Chivo Wallet in September 2021 along with incentives to get households to download and use it. These included $30 in free bitcoin with each download, which is nearly 1 percent of average annual per capita income, and large discounts on gasoline paid for in bitcoin. Residents didn’t need a bank account or a credit card to make transactions, only a mobile phone with internet access, something two-thirds of residents had.