Survey shows that most El Salvadorans are skeptical about making BTC bidding legal
According to a recently published poll, up to three-quarters of Salvadorans are skeptical of President Nayib Bukele’s plans to introduce Bitcoin.
The poll, which polled 1,233 people across El Salvador from July 1-4, found that only 20% agreed to the plan to use Bitcoin as legal tender.
The 2.8% error rate survey was conducted by researcher Disruptiva, a Francisco Gavidia University company. According to Reuters, it was found that around 54% of people viewed the Bitcoin introductory program as “not at all true,” while another 24% said it was “only marginally true.”
Almost half of those surveyed, or 46%, admitted they didn’t know anything about Bitcoin. About 65% of them are not open to the idea of getting paid in digital currency.
Disruptiva’s Director of Science, Technology and Innovation Oscar Picardo commented, “This is a risky bet on digital transformation”.
The country’s new Bitcoin law was passed on June 9th and will come into effect on September 7th, making the world’s leading crypto asset a parallel official currency in the Central American country. Late last month, the government unveiled a bitcoin wallet called Chivo, but stated that it was only an available option.
At the time, Bitcoin fan Bukele stated that there were no fees or commissions for transfers for the wallet and that no reductions would be made when converting BTC to USD.
In late June, he announced that every adult in Salvador who downloads the Chivo wallet app will be eligible for a $ 30 BTC airdrop.
Connected: El Salvador’s introduction of Bitcoin could cause it to lose its dominance in the market
President Bukele announced the introduction of BTC to facilitate remittance payments from overseas citizens and reduce reliance on the US dollar, the local currency, since 2001.
Approximately 70% of the population in El Salvador do not have access to a bank account or financial services, but if this little survey has anything to do, they still need to see that the value of Bitcoin is a potential solution.