El Salvador’s Residents Don’t Make Transactions with BTC: Survey

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According to a recent survey, the majority of Salvadorans have not embraced the country’s adoption of Bitcoin as a legal currency, with only 7.5% reported to have used it in transactions.

The survey, conducted by San Salvador University Francisco Gavidia on October 10, polled 1,224 adult citizens of El Salvador, revealing that around 92% of them do not make transactions using the cryptocurrency.

Out of the respondents, 0.5% chose not to answer the question on Bitcoin usage.

These findings show a slight decrease from a previous survey by the University of Central America’s public opinion institute in 2023, which found that 88% of Salvadorans did not use Bitcoin for transactions.

Aside from Bitcoin usage, the survey also looked into the citizens’ top political and economic concerns.

Louis Adams https://www.satoshihodler.com

I am an experienced crypto news writer. I have been in the industry for many years and believe this tech can bring financial freedom to everyone.