About 10 months after El Salvador accepted bitcoin as legal tender, it was announced that 20% of businesses accept bitcoin as a payment method.
The National Bureau of Economic Research (NBER) conducted a study in El Salvador. According to research by NBER, businesses in El Salvador 20% bitcoin payment method accepts as.
The main aim of the study, which included approximately 1,800 adult El Salvadorans, was bitcoin adoption. said to measure. Users who download the government-backed bitcoin wallet Chivo use cash, according to the study. 10%, the use of a debit card by 11% reduced.
In addition, according to the report by NBER, 71% of companies that accept payments with bitcoin sell their bitcoins, converting them into dollars and withdrawing them. %Converting 17 to dollars Chivo he keeps in his wallet and 12% is in the wallet as BTC it has.
Recently, the Central African Republic legalized Bitcoin and allowed to use Bitcoin in the same way as the country’s fiat currency.