Post
Topic
Board Bitcoin Discussion
Merits 4 from 2 users
Re: El Salvador has become the first country to make #Bitcoin legal tender!
by
Wiwo
on 29/04/2022, 09:08:55 UTC
⭐ Merited by DdmrDdmr (3) ,JayJuanGee (1)


A question
Salvadorans using Chivo wallet and Salvadorans using bank, which one is more?
From the survey result, you can easily point out the general behavior of El Salvadorans toward bitcoin through the chivo wallet record but then we should not forget the fact that not all Bitcoin users in El Salvador access the network through the Chivo wallet some users will use other none custodial wallets and hardware wallets which are not accounted for in the survey, more importantly, is the increase in the number of businesses/ companies that have adopted Bitcoin payment since it legal adoption, which percentage is placed at 20% within the short period Bitcoin is made legal tender in that region. Also am not surprised by the general conversion rate of Bitcoin into dollars this is the general appetite of most people toward Bitcoin to avoid its volatility.