Many El Salvadorans Are Skeptical Of Bitcoin Adoption As Legal Tender

Many El Salvadorans Are Skeptical Of Bitcoin Adoption As Legal Tender

According to a poll releaased on Thursday, more than three-quarters of Salvadorans are skeptical of President Nayib Bukele’s quest to recognize bitcoin as an alternative legal tender. El Salvadorans Are Skeptical Of Bitcoin El Salvadorans’ opinions on the government’s bitcoin plan were disclosed in a recent poll, according to Reuters on Thursday. The poll was […]


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President Nayib Bukele’s adoption of cryptocurrency as legal tender in his country is not being met with deep understanding by most of his fellow Salvadorans, a new survey suggests. Almost half of the respondents admitted they knew nothing about Bitcoin, while two-thirds aren’t ready to be paid in crypto. Bitcoin Adoption ‘Not at All Correct,’ Half of Salvadorans Say In a blow to President Bukele’s crypto-friendly policy, poll results released Thursday showed that around 54% of people in El Salvador viewed the adoption of bitcoin (BTC) as “not at all....

Bitcoin in El Salvador – One Year Later

It has been one year since Bitcoin became legal tender in El Salvador. Crypto adoption has not been without issues in El Salvador, but it’s difficult to weed through the different stories about Bitcoin because there are so many competing interests promoting or FUDing Bitcoin. This article will filter through the nonsense and describe how Bitcoin in El Salvador has panned out one year after it became legal tender. Why El Salvador Made Bitcoin Legal Tender El Salvador made Bitcoin legal tender ostensibly for a few reasons. The government cited the following reasons: A significant portion of....

Survey: Most Salvadorans Still Not Convinced About Bitcoin as Legal Tender

A survey conducted recently by the Center for Citizen Studies of the Francisco Gavidia University, a private institution in El Salvador, has found that more than half of the Salvadorans surveyed still prefer the dollar over bitcoin as legal tender. Bitcoin, which has been pushed by Salvadoran president Nayib Bukele, has in large part not been received positively by the population eight months after its approval as legal tender. Salvadorans Still Unsure About Bitcoin as Legal Tender Citizens of El Salvador are still not sure about the use and adoption of bitcoin as legal tender in....

Survey: More Than 70% of Salvadorans Believe the Bitcoin Law Has Not Improved...

A recent survey has offered some insight into the real opinions Salvadorans have about the implementation of the Bitcoin Law in the country. The survey, carried out by the University Institute of Public Opinion of the José Simeón Cañas Central American University, found that most Salvadorans believe the inclusion of bitcoin as legal tender, through the approval of the Bitcoin Law last year, has not improved their personal economic situation. Salvadorans Disregard Bitcoin’s Importance to Their Finances The inclusion of bitcoin as legal tender in their country....

Just 10 Days After El Salvador’s “Bitcoin Day”, President Bukele Confirms 1.1...

El Salvador has now marked its 10th day of bitcoin being legal tender in the country. This is a huge milestone that could not have been predicted to happen this soon. But as with bitcoin, everything is happening on an accelerated timeline. The country had introduced its own government-backed crypto wallet named Chivo in order to enable its citizenry to spend bitcoin in the country. The adoption of this wallet was incentivized by the El Salvadoran government, which said that it was giving away $30 in BTC to every citizen 14 and above who downloaded the Chivo app. This announcement had come....