El Salvador’s Bitcoin Experiment Is Not Going As Expected!

Bitcoin breaking new ground by accepting it as legal currency of El Salvador The Bitcoin decision was talked about a lot.

The president of the country, which was exposed to many criticisms with the Bitcoin decision Nayib Bukele Ignoring the criticisms, they will not give up on this decision, bitcoin He said his adoption was on the rise.

Bitcoin Usage Rate Remains Low!

However, recently El Salvador Chamber of Commerce A survey conducted by the company revealed that since the adoption of Bitcoin in September 2021, companies in the country have hardly used Bitcoin for business.

337 companies participated in the survey conducted between 15 January and 9 February.

Only 14% of companies surveyed by the Chamber of Commerce have accepted legal currency since September. bitcoin He said he was dealing with

More than 90% of participating companies said the country thought Bitcoin’s decision had little impact on sales.

Nayib Bukele’s Love for Bitcoin!

Known for his love and support for Bitcoin, Bukele International Monetary Fund (IMF) and Moody’s Investors It has placed Bitcoin at the center of the country’s economy, despite the warnings of institutions such as Bitcoin to accept Bitcoin.

In late January, the IMF approved El Salvador, which adopted Bitcoin as its legal currency. bitcoin urged him to withdraw his decision. However, outspoken Bukele rejected the IMF’s call to abandon Bitcoin.

Apart from Bukele, Treasury Minister Alejandro Zelaya, who responded to the call of the IMF, said that El Salvador will not stop supporting Bitcoin as a legal currency, That Bitcoin is a matter of “sovereignty” for El Salvador had said.

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