Bitcoin Adoption in El Salvador is far Below Expectations, Says Report - BitcoinEthereumNews.com
When El Salvador made Bitcoin a legal tender within its jurisdiction last year, many analysts in the crypto industry predicted that the move was going to massively drive the adoption of the digital asset within the country to new heights. However, a new survey carried out by El Salvadors chamber of commerce has revealed that the majority of the companies in the country do not use Bitcoin for their businesses —this is a startling find considering the fact that the country and its president has made various moves to incentivize Bitcoin adoption. के अनुसार सर्वेक्षण, only 14% of the respondents had made transactions in Bitcoin since September, when it became a legal tender in the country. It continued that most respondents have also not seen any impact of the adoption on their sales. 91.7% of the participants said that the implementation of bitcoin has been indifferent to their business. While the majority of the companies in the survey pool were small businesses as they account for 71% of the respondents, 16% of them were large companies and 13% were medium scale businesses. What this survey shows is that despite the litany of moves the government has made to drive its people towards Bitcoin, the level