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Survey: 14% Of Businesses in El Salvador Trade In Bitcoin

By WebsCryptoMarch 19, 20221 Min Read
Survey: 14% Of Businesses in El Salvador Trade In Bitcoin
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Businesses in El Salvador have been slow to adopt Bitcoin since the country recognized Bitcoin (BTC) as legal tender in September 2021, according to a recent survey by the El Salvador Chamber of Commerce.

Only 14 percent of the 337 companies surveyed between Jan. 15 and Feb. 9 said they had transacted in BTC since the Bitcoin law came into effect.

Over 90% of companies said that the adoption of Bitcoin in the country had little impact on their sales. 71% of the companies surveyed were micro or small businesses, 13% were classified as mid-sized companies and 16% were large companies.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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