Since the middle of last year, when the authorities of El Salvador recognized bitcoin as legal tender, only 14% of companies in the country began to accept payment in BTC.
The El Salvador Chamber of Commerce surveyed the heads of 337 local companies. Of these, 90% noted that the recognition of bitcoin as an official means of payment had little effect on the sale of goods.
The firms interviewed were of a wide variety – 71% of them belong to small businesses, 13% belong to medium-sized companies, and the remaining 16% belong to large companies.
Thus, despite the distribution of bitcoins, the authorities of El Salvador have not been able to achieve a full-scale penetration of the first cryptocurrency into the lives of their citizens.
Despite this, the authorities of El Salvador continue to promote bitcoin in their country. So, earlier, President Naiyb Bukele announced plans to offer citizenship to foreign crypto investors.