Salvadorans have expressed approval of President Nayib Bukele, but they’ve not exactly warmed to his adoption of Bitcoin as legal tender.
Salvadorans haven’t warmed to their country’s adoption of Bitcoin as legal tender, with a recent survey finding that 92% don’t make transactions using the cryptocurrency.
Just 7.5% of respondents to an Oct. 10 survey from the San Salvador University Francisco Gavidia said they used Bitcoin (BTC) to make transactions, while 0.5% chose not to respond to the question.
The latest results suggest a slight decline in the use of Bitcoin in the Central American nation, as an earlier survey by the University of Central America’s public opinion institute found 88% of Salvadorans didn’t use Bitcoin for transactions in 2023.
