El Salvador’s Bitcoin Experiment Goes Bad! Bonus Recipient Runs Out!

in September of 2021 Bitcoin (BTC) accepted as legal currency in El Salvador citizens BTC A survey was conducted to investigate its use.

an American research organization National Bureau of Economic Research (NBER) A recent study by the bitcoin Turns out his attempt was unsuccessful.

According to the results, more than 60% of the citizens surveyed chivo After using the $30 bonus distributed by the government to those who downloaded his wallet, Chivo did not use his wallet.

When the participants were asked whether they knew about the Chivo app, 68% said they knew, 32% said they didn’t.

While 89% of the respondents said that they have never made a transfer with the Chivo wallet application, 99% bitcoin He stated that he did not pay any tax.

Although most of the participants said that they could connect to the internet by phone, 60% of the citizens stated that they had never downloaded the Chivo wallet application.

Those who downloaded the application also said that after downloading the Chivo wallet, the usage habits of cash, debit and credit cards almost did not change.

From the results, most of the country’s citizens were established throughout the country. Chivo ATMs appeared to have never been used.

Another survey conducted in March of this year showed that El Salvador’s adoption of Bitcoin was failing.

Because the survey revealed that since September 2021, when Bitcoin was accepted, companies in the country almost did not use Bitcoin for business.

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