Survey discovered many EI Salvador residents are skeptical of constructing BTC legal system

By Clark

More than half Salvadorans surveyed don’t appear as keen as their president to adopt Bitcoin.

According to a new free survey, up to three-quarters of Salvadorans are skeptical over President Nayib Bukele’s Bitcoin adoption plans.

The survey, that polled 1,233 individuals across EI Salvador between July 1and 4, disclosed that solely 20% approved of the idea to build Bitcoin legal tender.

The survey, which incorporates a margin of error of 2.8%, was conducted by Disruptiva, which is related with Francisco Gavidia University. In view of Reuters, it found that almost 54% of individuals viewed the Bitcoin adoption program as “not at all correct”, whereas another 24% represented it as “only a little correct.”

Nearly half the respondents, or 46%, admitted that they do not know anything about Bitcoin. Almost 65%  of them weren’t hospitable to the thought of being paid in digital currency.

Head of Disruptiva’s institute of science, technology, and innovation, Oscar Picardo, commented that “this could be a risky game digital transformation.”

The country’s new Bitcoin law was passed on June 9, and is due to take effect on September 7 creating the world’s leading crypto asset parallel official currency within the Central American nation. Late last month, the govt unveiled a Bitcoin  wallet known as Chivo however declared that it’s only 1 possibility out there.

At the time, Bitcoin aficionado Bukele declared that the wallet won’t incur fees or commissions for transfers and can not take a charge for altering BTC to USD.

In late June, he declared that each Salvadoran adult who downloads the Chivo wallet app is going to get an airdrop of $30 value of BTC.

President Bukele has touted BTC adoption as the way to facilitate remission payments from residents living overseas and reduce reliance on the U.S. dollar that has been the national currency since 2001.

Nearly 70%  of the population in EI Salvador doesn’t have access to bank accounts or any money services, however if this tiny survey is anything to go by, they have yet to see the advantages of Bitcoin as a possible resolution.

 

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Clark

Head of the technology.

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