Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: El Salvador has become the first country to make #Bitcoin legal tender!
by
Doan9269
on 29/04/2022, 12:55:18 UTC
⭐ Merited by JayJuanGee (1)
Quote
A question
Salvadorans using Chivo wallet and Salvadorans using bank, which one is more?


From the statistics of the data provided above I think we can derive an answer to the question, whennwe consider the numbers of those that have downloaded and are using the chivo wallet we could see that over 80% of the population has in one way or the other come across bitcoin and has given a trial on the use of bitcoin for their transactions, let's try to analyze this further, before the introduction of bitcoin as legal tender it is believed that the entire country make use of fiat, and if we consider the rate of those actively involved in the economy of a country we see that the youths have a significant they played.

The report now give the statistics of those that have given it a trial which i believe are the youth at most and the rest who couldn't were the overage adult who possibly can't operate mobile phones or so, if bitcoin adoption in El-Savador has been a thing of crisis then the news would have over flooded the internet on the current situation, Bukele and the citizens are doing well with the use of bitcoin in running a smooth inflation free economic system so far so good. I think all this should provide an insight to the question.