It has been 6 months since Bitcoin was recognized as legal tender in El Salvador, the first country to legalize Bitcoin. Despite this, a large majority of companies in the country don’t bother with crypto transactions.
A mere 14% of businesses have transacted with Bitcoin as per an online survey from the Chamber of Commerce and Industry of El Salvador, carried out from January 15th to February 9th of 2022.
Out of 337 companies apart of the survey, 91% believe the adoption of Bitcoin had little impact on their sales, being “indifferent for their business”. With only a very small 3.6% of companies affirming that Bitcoin has contributed to increasing their sales. Although 84% of the participants in the survey were micro, small, or medium-sized businesses. This may have made it a harder task to confirm whether or not Bitcoin was having an effect on sales or not.
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