One of the most surprising findings of our recent survey on the digital currency phenomenon was the overwhelming percentage of respondents who believe the government should not make it legal tender. In fact, when you ask people if they would ever use these types of currencies, the vast majority say no.
A new survey has found that most citizens in El Salvador are skeptical that the government’s plan to make bitcoin a legal tender in the Central American nation will be successful. The survey, conducted by La Prensa Gráfica, found that 72% of Salvadorans believe that the use of bitcoin in the country is not appropriate, while only 17% believe the government’s plans will be successful. The results of the survey are based on the responses of 1,000 Salvadoran citizens in May. The survey found that a majority of the respondents believe that the government does not have the resources necessary to regulate digital currency use, and are skeptical of the government’s ability to manage the process.
According to a recent poll, three-quarters of Salvadorans are skeptical of President Nayib Buquele’s plan to introduce bitcoin.
A survey of 1,233 people in El Salvador between 1 and 4. In July, it was found that only 20% agreed with the plan to make bitcoin a legal tender.
The survey, with a margin of error of 2.8 percent, was conducted by Disruptiva, a research institute affiliated with the University of Francisco Gavidia. According to Reuters, about 54 percent of those surveyed do not like the bitcoin adoption program at all, while 24 percent describe it as somewhat good.
Almost half of those surveyed, 46%, admitted to being unfamiliar with bitcoin. About 65% of them were not open to the idea of being paid in digital currency.
Oscar Picardo, head of the Disruptiva Institute for Science, Technology and Innovation, noted that this is a risky bet on digital transformation.
The new bitcoin law passed on the 9th. Its adoption is scheduled for June 7. September it will enter into force. This makes the world’s first crypto asset an official parallel currency in the Central American nation. Late last month, the government unveiled a bitcoin wallet called Chivo, but said it was just one of the available options.
Bitcoin aficionado Bukele said at the time that the wallet would not charge fees or commissions for transfers, nor a percentage for converting BTC to US dollars.
In late June, he announced that every Salvadoran adult who downloads the Chivo wallet app can receive $30 in BTC.
Related: El Salvador’s move to bitcoin could lead to it losing its dominant market position
President Bukele stressed that the introduction of the BTC was a way to facilitate remittances from citizens living abroad and reduce dependence on the US dollar, which has been the national currency since 2001.
About 70 percent of El Salvador’s population does not have access to bank accounts or other financial services, but if this small study is to be believed, they have yet to evaluate the merits of Bitcoin as a possible solution.
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