Salvadorans who receive remittances from abroad either did not yet discuss the use of Bitcoin for this purpose or their relatives did not want to use it, according to a survey conducted in July 2021. From September 2021 onwards, El Salvador accepts the digital coin as a national currency alongside the U.S. dollar. One of the reasons for the government to do this is so the cryptocurrency could facilitate remittance payments from Salvadorans living abroad. This matters for the country's economy as El Salvador had one of the lowest income per capita in Latin America and the Caribbean in 2020. Crypto, according to the government, could make this process easier or cheaper.
Share of respondents in El Salvador who indicate whether their relatives abroad agree to use Bitcoin for remittance payments in 2021
This question was phrased by the source as follows: "Si tiene algún familiar fuera del paÃs (Estados Unidos u otros) que le envÃa remesas, ¿está su familiar de acuerdo en el uso del Bitcoin?" (in English: In case you have a family member who lives aboard (in the United States or elsewhere) and who sends you remittances, does your family member agree to the use of Bitcoin for this?").
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Disruptiva. (July 7, 2021). Share of respondents in El Salvador who indicate whether their relatives abroad agree to use Bitcoin for remittance payments in 2021 [Graph]. In Statista. Retrieved October 31, 2024, from https://www.statista.com/statistics/1261761/bitcoin-remittance-payments-to-el-salvador/
Disruptiva. "Share of respondents in El Salvador who indicate whether their relatives abroad agree to use Bitcoin for remittance payments in 2021." Chart. July 7, 2021. Statista. Accessed October 31, 2024. https://www.statista.com/statistics/1261761/bitcoin-remittance-payments-to-el-salvador/
Disruptiva. (2021). Share of respondents in El Salvador who indicate whether their relatives abroad agree to use Bitcoin for remittance payments in 2021. Statista. Statista Inc.. Accessed: October 31, 2024. https://www.statista.com/statistics/1261761/bitcoin-remittance-payments-to-el-salvador/
Disruptiva. "Share of Respondents in El Salvador Who Indicate Whether Their Relatives Abroad Agree to Use Bitcoin for Remittance Payments in 2021." Statista, Statista Inc., 7 Jul 2021, https://www.statista.com/statistics/1261761/bitcoin-remittance-payments-to-el-salvador/
Disruptiva, Share of respondents in El Salvador who indicate whether their relatives abroad agree to use Bitcoin for remittance payments in 2021 Statista, https://www.statista.com/statistics/1261761/bitcoin-remittance-payments-to-el-salvador/ (last visited October 31, 2024)
Share of respondents in El Salvador who indicate whether their relatives abroad agree to use Bitcoin for remittance payments in 2021 [Graph], Disruptiva, July 7, 2021. [Online]. Available: https://www.statista.com/statistics/1261761/bitcoin-remittance-payments-to-el-salvador/
