What do we end up with? Bitcoin adoption in El Salvador failed. Why did this happen? It’s not about bitcoin, it’s about the approach, of course.
Salvadorans may not have confidence in Chivo wallet, that is one of the reasons, but not the reason why bitcoin adoption failed in El Salvador, but one of the reasons for slow adoption. Because people do not really use Chivi wallet do not mean bitcoin adoption in El Salvador has failed. Some Salvadorans are still using Chivo wallet and bitcoin.
We can also put his like this, has bank failed in El Salvador? No. But o we 70% of Salvadorans are not having bank accounts. That does not mean banking sector failed but low adoption.
Also know that El Salvador makes bitcoin to be legal, friendly about bitcoin and definitely about other cryptocurrencies. I have always said that what that matters most is adoption, El Salvadoran government gave to his people bitcoin adoption which is all that matters.