El Salvador's Bitcoin Experiment Is Big Failure, Study Shows

More than 60% of respondents ditched the government’s Chivo wallet after using the $30 bonus. A staggering 89% of Salvadorans have never received remittances with the help of the app . Ninety-nine percent of the respondents have never paid taxes with Bitcoin.Sixty percent of citizens did not download Chivo at all despite the fact that most of them have access to a smartphone with internet access.

As of April, 80% of companies in El Salvador still do not accept the largest cryptocurrency despite the fact that the controversial Bitcoin Law requires mandatory acceptance. Seventy-one percent of those firms that did report sales of Bitcoin ended up converting them into U.S. dollars .

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Bukele's Focus on Bitcoin Fades — President Wants State of Emergency in El Salvador Extended | CoinMarketCapNayib Bukele's Twitter used to be filled with Bitcoin memes and laser eyes — now it's dominated by photos of handcuffed gang members 🚨 El Salvador's president wants a state of emergency to be extended for 30 more days as his attention on Bitcoin fades 👇 Retoken Gangsters, sponsored indirectly by the USA government, have been raging in El Salvador. And nayibbukele keeps cracking down on them. 2022 will be the year of the $Nelo metaverse. A new star is born in the blockchain industry. Join us and earn your retirement right. NeloNetwork BSC ETH ETHGate P2P games BNB blockchain NELOnetwork
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