- According to companies, Bitcoin has had very little or no effect on sales.
- Finance Minister Zelaya announces a crypto bond soon
A survey by El Salvador’s Chamber of Commerce found that The vast majority of companies in the country with a Bitcoin-boosting president don’t use crypto for business.
Only 14% of the respondents to the Chamber of Commerce Survey stated that they have transacted in Bitcoin in the past year since September, when the country was the first to recognize it as legal tender.
Over 90% of 337 companies polled between February 15 and 9, said that Bitcoin adoption had little or no effect on their sales. According to the survey, 71% of the 337 businesses polled were considered micro- or small businesses. 13% were considered medium-sized businesses and 16% as large.
According to Alejandro Zelaya, Finance Minister, El Salvador, despite the slow adoption of Bitcoin since its launch, El Salvador is continuing to push ahead with plans for the first state-backed Bitcoin bonds to be issued in the next few days.
Over 90% of 337 companies polled between February 15 and 9, said that Bitcoin adoption had little or no effect on their sales. According to the survey, 71% of the 337 businesses polled were considered micro- or small businesses. 13% were classified as medium-sized businesses and 16% as large.
According to Alejandro Zelaya, Finance Minister, El Salvador, despite the slow adoption of Bitcoin since its launch, El Salvador is continuing to push ahead with plans for the first state-backed Bitcoin bonds to be issued in the next few days.
