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SVTPerformance's Chain of Restaurants
Road Side Pub
BITCOIN
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<blockquote data-quote="Weather Man" data-source="post: 16767375" data-attributes="member: 137766"><p><strong>Bitcoin adoption falters in El Salvador:</strong></p><p></p><p>For some context, El Salvador's Chivo wallet quickly lost popularity after its rollout in September 2021. NBER's survey found that just 20% of respondents in the nation used Chivo after downloading it. 40% of all downloads occurred in September of last year and "virtually no downloads have taken place in 2022." It seems that people were incentivized to download Chivo given the $30 bonus offered by the government, hence the saturated influx of downloads at the onset of the Chivo launch, the NBER explained.</p><p></p><p>“The most important reason not to download the app, conditional on knowing about it, is that users prefer to use cash, which was followed by trust issues -- respondents did not trust the system or bitcoin itself,” the study said.</p><p></p><p>Note that in 2001, the greenback became the official currency in El Salvador.</p></blockquote><p></p>
[QUOTE="Weather Man, post: 16767375, member: 137766"] [B]Bitcoin adoption falters in El Salvador:[/B] For some context, El Salvador's Chivo wallet quickly lost popularity after its rollout in September 2021. NBER's survey found that just 20% of respondents in the nation used Chivo after downloading it. 40% of all downloads occurred in September of last year and "virtually no downloads have taken place in 2022." It seems that people were incentivized to download Chivo given the $30 bonus offered by the government, hence the saturated influx of downloads at the onset of the Chivo launch, the NBER explained. “The most important reason not to download the app, conditional on knowing about it, is that users prefer to use cash, which was followed by trust issues -- respondents did not trust the system or bitcoin itself,” the study said. Note that in 2001, the greenback became the official currency in El Salvador. [/QUOTE]
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SVTPerformance's Chain of Restaurants
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