- More than 60% of respondents ditched the government’s Chivo wallet after using the $30 bonus
- 89% of Salvadorans have never received remittances with the help of the chivo app
- 99% of the respondents have never paid taxes with Bitcoin.
- 60% of citizens did not download Chivo at all
- Majority of Salvadorans have never used Chivo ATMs
- 80% of companies in El Salvador still do not accept the largest cryptocurrency
- 12% of the storea accepting bitcoin chose to store their coins in the wallet, whereas the majority convert it to USD
- El Salvador also postponed the issuance of its much-hyped Bitcoin bonds.
Source : El Salvador's Bitcoin Experiment Is Big Failure, Study Shows
Yet amidst their failure we found another El-Savador in Central African Republic with an official statement of accepting bitcoin as a legal tender https://www.msn.com/en-us/news/world/central-african-republic-adopts-bitcoin-as-legal-currency/ar-AAWEdfe this is a plus one on the entire Africa countries, El-Savador has now develop more confidence convincing enough for it to continue, i heard some are making claims about the debt of El-Savador and how the rate increases to about 18% claiming poverty and inflation rate are going high and El-Savador already in debt it can't afford to pay nor come out of it, i will like to ask about other countries that does not adopt bitcoin as a legal tender, are they not in debt? Aren't they battling inflation? Their own poverty rate has a degree ahead that of El-Savador's.