One-fifth of Businesses in ElSalvador Now Accept BTC: NBER Study
📣 One-fifth of #Businesses in #ElSalvador Now Accept #BTC: NBER Study
👉 The researchers found that #Bitcoin is gaining ground compared to other #payment methods in El Salvador.
👉 The study, which surveyed adults from 1,800 households in El Salvador, aimed to measure the adoption of BTC in the country after the #BitcoinLaw was passed.
👉 Users who have downloaded the government-backed #ChivoWallet have “decreased their use of cash by 10%, while their net use of #debitcards has been reduced by 11%.
👉 Study also stated that 20% of companies accept BTC, while only 25% accept credit and debit cards. Additionally, the study noted that “11.4% of firms have positive sales in Bitcoin.”
Learn more…👇
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