According to an academic study conducted in the USA, bitcoin is in El Salvador. daily transactions is not yet widely used.
US National Bureau of Economic Research, the use of bitcoin in El Salvador at what level to find 1,800 El Salvadorans attended did a study.
In the published study, “Despite great initiative (from the El Salvador government) and a large portion of the population downloading Chivo Wallet, daily use of bitcoin is still low and (and the population using bitcoin) is still low in the country. educated, young people with access to banking services and male focused on its citizens.” it said.
After the government of El Salvador introduced Bitcoin as a legal currency, it allowed citizens to transact with bitcoin. chivo has launched a digital wallet called the name of every citizen who downloads this wallet $30 worth of bitcoin had dispersed.
This wallet was launched in September 2021, and according to research conducted in the USA, 40 percent of users downloaded on this date. wallet after this date number of downloaders it is very low is emphasized.
Citizens surveyed by the U.S. National Bureau of Economic Research only 20 percentafter receiving the $30 bitcoin gift from the government, he also left his Chivo wallet. continued to use.
The law, which went into effect last year, bans all businesses in El Salvador. Obligated to receive payment in bitcoin from citizens who want to pay with bitcoin makes it. But the US survey also showed that business owners only 20 percent actually received payment in bitcoin states.
In line with this information, the following statements were included in the study:
“What happened in Salvador shows that even if all businesses are required to be paid in bitcoins, large incentives are given to increase the use of bitcoin, even if tax payments are made in bitcoin, all of this is a part of bitcoin. sufficient to ensure its use as a medium of exchange. it may not be.”