Survey Shows 12% of Salvadorans Made Bitcoin Purchases in 2023
El Salvador’s José Simeón Caas Central American University found in its yearly survey that 12% percent of the local populace utilized Bitcoin for payment for products and services at least once in 2023. Participating in the survey, which commenced in December 2023, were in-home interviews with 1,280 respondents. A mere 20% of the respondents (20%) […]
El Salvador’s President says a third of Salvadorans use the Chivo wallet
President Nayib Bukele of El Salvador claims that 2.1 million of his countrymen use the government-backed Chivo cryptocurrency wallet, indicating the country’s apparent success with Bitcoin (BTC). After just three weeks in operation, the controversial president updated his 2.9 million Twitter followers, boasting that Chivo “today has more users than any bank in El Salvador.” […]
Survey shows 54% of Salvadorans are not familiar with Bitcoin
According to the results of a recent survey, the majority of Salvadorans still do not have a firm knowledge of Bitcoin or cryptocurrency. El Salvador’s controversial introduction of Bitcoin as legal tender has garnered international attention. The move has sparked outrage among many local citizens and has been met with skepticism by the International Monetary […]